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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms, thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation. SWIFT said the first part of this proof-of-concept effort will involve Corda , an R3 blockchain platform.

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SWIFT Ties gpi to eCommerce and DLT

PYMNTS

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

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Visa, Mastercard, Amex Stake Their Bets On B2B

PYMNTS

Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers. Yet, 2018 was certainly a big year for commercial cards, and for credit card giants’ B2B payments aspirations overall.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

Recipients are often allowed to collect funds within minutes of payers initiating transactions, but the funds take longer to actually move between money transfer operators (MTOs). Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments.