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SWIFT Signals Further Openness To Blockchain?

PYMNTS

The movement to bring blockchain to cross-border payments proceeds apace. In an interview with CNBC, SWIFT Asia-Pacific Managing Director Lisa O’Connor said that some of its members are indeed using blockchain. SWIFT is not planning to use blockchain directly in efforts to settle transactions done between banks. One caveat?

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Breaking Down The Faster Payments Construct

PYMNTS

This week, Karen Webster was joined again by NACHA President and CEO Jan Estep to discuss the relationship between Same Day ACH and other faster payments initiatives — namely, real-time payments and blockchain. Where The Blockchain Fits. What’s Under The Faster Payments Umbrella?

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US Finds Its Faster Payments Future

PYMNTS

It needs to not be based on a debit pull, but instead, it’s a credit push transaction, so all transactions must be initiated by the sender.”. Canada and Europe found 90 percent of respondents are mulling blockchain technology for payments. Around the Faster Payments world. A survey of 10 commercial banks from the U.S.,

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FPC 2022 Fall Member Meeting

Faster Payments Council

Focusing on "credit push" transactions, our experts will provide some guidance on the value-added functionality that U.S. stakeholders should be supporting and identify the challenges in building out the API features that are required for ubiquitous access.

FPC 88
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FPC 2023 Fall Member Meeting

Faster Payments Council

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines.

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