PYMNTS

SEPTEMBER 27, 2019

Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the decline. The Financial Stability Board released analysis last year that found SWIFT interbank payment messages reflected a 4.1

Correspondent Bank 55

Correspondent Bank Correspondent Cross-Border ISO 20022 55

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

The Payments Association

MAY 16, 2025

ISO 20022 for cross-border payments (Mandatory by 22 November 2025) The global migration to ISO 20022 as the standard for cross-border payments messaging becomes mandatory on 22 November 2025. While merchants are not directly regulated, their back-office systems and payment operations will be affected.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

SEPTEMBER 24, 2019

SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. 23) that its gpi service can now be integrated into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments.

SWIFT 73

SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73