PYMNTS

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai. China International Payment Service Corp.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40

PYMNTS

DECEMBER 13, 2018

Separately, SWIFT said this past week that it has launched a pilot program that focuses on an integrated gpi payments service that quickly identifies and eliminates payment message errors. The broader initiative will use AI (among other technologies) to boost predictability of international payments.

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

PYMNTS

AUGUST 9, 2018

Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung in nature. As noted by PYMNTS in this space, those two schemes facilitate instant domestic payments. In UK, Firms Eye Global Trade (and Payments).

Cross-Border 40

Cross-Border SWIFT Blockchain Cross-Border Payments 40

PYMNTS

MAY 29, 2019

Recently, several FIs went to work to link businesses with the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme for faster international payments in Europe. Around the Faster Payments World.

ISO 20022 55

ISO 20022 Liquidity Management Real Time Payments Faster Payments 55

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

AUGUST 15, 2019

More precise payment information could also facilitate quick, straight-through processing. . Better data can help prevent international payment delays or failures caused by “unstructured and ambiguous” data, as well. Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

SEPTEMBER 24, 2019

This week, SWIFT picks the latter, while JPMorgan Chase grows its initiative using blockchain to make cross-border transactions, and Form3 announces a new international payment services that connects banks with global small business payments capabilities via application programming interface (API).

SWIFT 73

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

PYMNTS

JUNE 13, 2018

This week, reports in the Financial Times highlighted the competitive pressure between SWIFT and Ripple as the two companies rival for the top spot in the cross-border payments market. SWIFT, a payments messaging company, has introduced its Global Payments Innovation (GPI) initiative to boost innovation in global payments.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) SWIFT Cross-Border Payments 44

The Payments Association

JANUARY 15, 2025

The recently published National Payments Vision sets a forward-looking strategy, outlining priorities such as enhancing the regulatory framework, advancing Open Banking, combating fraud, and building a world-leading payments infrastructure with cross-border interoperability. The result is an improved customer experience.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88