Remove Cash Management Remove Correspondent Remove Message Standards
article thumbnail

SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

article thumbnail

SWIFT Reveals New API Standard For Pre-Authorization Of Funds

PYMNTS

“In the Nordics we know the benefits of collaboration in the standards space. We have built the world-leading BankID service and the Swish payment method,” said Kirstine Nilsson, Swedbank’s head of business infrastructure, consumer payments and cash management. “We We are now collaborating on the P27 pan-Nordic clearing system.

article thumbnail

Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. In the Nordics, we know the benefits of collaboration in the standards space.