PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.”

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

Cross-Border Payments 116

Cross-Border Payments SWIFT Cross-Border Message Standards 116

PYMNTS

AUGUST 31, 2020

With estimates that over 500 billion real-time payments will be processed over the next five years, the race is on for upgrades and integrations that allow financial institutions (FIs) and their clients to participate in a real-time payments space that is expected to reach nearly 53 billion real-time payment transactions by 2024.

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Real Time Payments Online and Mobile Banking Correspondent Bank SWIFT 135

Payments Source

SEPTEMBER 23, 2019

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

Faster Payments 79

Faster Payments SWIFT Real Time Payments Payments 79

Payments Source

APRIL 30, 2018

The Society for Worldwide Interbank Financial Telecommunication has its sights set on expanding real-time payments in the Asia-Pacific region as part of its plan to further its first value-add service created from the Global Payments Innovation initiative.

Real Time Payments 62

Real Time Payments Cross-Border SWIFT Payments 62

PYMNTS

JANUARY 31, 2019

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. The partnership will integrate the R3 platform into the SWIFT global payments innovation (gpi) offering. I think that today, that is not what SWIFT is.”.

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SWIFT Blockchain Federal Reserve Cross-Border Payments 77

PYMNTS

APRIL 23, 2018

Payments messaging company SWIFT is hoping to launch real-time payments services in the Asia Pacific region, according to Verdict reports on Friday (April 20). SWIFT gpi , launched last year, provides financial institutions with infrastructure to facilitate transparent, faster cross-border payments.

Real Time Payments 43

Real Time Payments SWIFT Cross-Border Payments APACS 43

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech Finance

OCTOBER 28, 2024

Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to reduce errors, operational inefficiencies, and compliance risks, increasing the confidence of the finality of real-time payments. In 2020, failed payments were estimated to cost the global economy $118.5

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Verification Global Payments Accounts Cross-Border 98

PYMNTS

NOVEMBER 1, 2018

Hong Kong Monetary Authority (HKMA) has received a trio of complaints that the faster payments infrastructure has been a conduit to fraud, and the transactions range from $1,280 to $12,750. Crédit Agricole offers real-time payments through the use of the SIA EasyWay platform, and connects to the RT1 real-time payments infrastructure.

Real Time Payments 57

Real Time Payments Faster Payments eWallet Payments 57

Fintech Finance

NOVEMBER 8, 2024

This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike. ” “Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions.

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Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

PYMNTS

APRIL 23, 2018

The bank is using SWIFT’s gpi service , and is also reportedly in discussions with the payments messaging company to join a consortium to develop a real-time payments solution for cross-border transactions in the Asia Pacific region.

Real Time Payments 46

Real Time Payments Cross-Border Payments Cross-Border SWIFT 46

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service. ICICI, along with Axis Bank, were the first banks in India to join SWIFT’s gpi.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

Fintech Finance

OCTOBER 17, 2024

The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary. ” The launch of Broadridge’s Instant Payments service aligns with recent EU regulations mandating the facilitation of euro instant credit transfers. .

Instant Payments 98

Instant Payments Regulations SWIFT Payments 98

PYMNTS

OCTOBER 11, 2017

ACI Worldwide has unleashed its real-time payment solution for financial institutions (FIs). According to ACI, the solution addresses the challenges banks face when managing multiple, separate systems and schemes involving real-time payments. The company announced news on Tuesday (Oct.

Real Time Payments 40

Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

OCTOBER 11, 2018

SWIFT announced Thursday (Oct. 11) that Santander , the retail and commercial bank, has gone live on SWIFT’s global payments innovation (gpi) service in Spain, the U.K., In a press release , SWIFT said Santander will go live in Chile and Mexico on SWIFT gpi by the end of this year.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 55

PYMNTS

SEPTEMBER 23, 2019

SWIFT announced last year that it is planning to allow its users to send data-rich ISO 20022 messages across its global network starting in November 2021. If payments are not fully enabled for ISO 20022 by the time SWIFT rolls the system out, messages might get cut off.

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ISO 20022 Federal Reserve ISOs FedWire 76

PYMNTS

DECEMBER 20, 2018

When it comes to corporate transactions (and, well, payments in general), two inexorable trends include speed and distance. SWIFT , the messaging service, said earlier this week that its SWIFT global payments innovation (gpi) service is being used for a majority — as in 55 percent — of its cross-border traffic.

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Cross-Border SWIFT Federal Reserve Fed 53

PYMNTS

MARCH 17, 2020

While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities. Hungary Welcomes Instant Payments. Curacao Takes Steps Toward Instant Payments.

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Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

PYMNTS

OCTOBER 22, 2018

SWIFT announced Monday (October 22) the launch of Payment Controls, a new in-network solution to combat fraudulent payments and to help strengthen customers’ existing security. SWIFT said in the press release that Payment Controls is an important way to protect firms as the frequency and speed of payments increases.

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SWIFT Payments Real Time Payments Mitigation 49

PYMNTS

SEPTEMBER 15, 2020

are increasingly linking into the real-time payments infrastructure of the RTP network, according to a new survey by The Clearing House. Working with First Horizon is about providing its treasurer clients with payment rail choice as well as speed, Massey added. Emirates NBD Consolidates Global Payments Infrastructure.

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

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Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. In addition, UCPB launched its InstaPay service in The Phillipines, and NoBroker has brought rent payments into its app in India.

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SWIFT Cross-Border Payee Funds Transfer 49

Fintech Finance

MAY 28, 2025

This marks a major milestone in its mission to modernise global payments. The dual licences, granted by France’s ACPR and AMF, position Merge among the few financial infrastructure providers fully regulated to operate across both traditional and blockchain-based payment rails.

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Stablecoins Cross-Border Payments Multi-Currency Cross-Border 81

The Payments Association

MAY 16, 2025

As instant payments become the norm, true finality is essential to ensure trust, reduce fraud risk, and protect the integrity of global payment systems. Finality is not a UX featureits the backbone of payment integrity. In real-time payments, deemed success is a legacy concept that no longer meets expectations.

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ISO 20022 Cross-Border Cross-Border Payments Settlement 88

Fintech News

DECEMBER 10, 2023

Additionally, it prevents tainted payments from entering the correspondent banking network, thus bolstering security. “ We have a solution to this issue: the LexisNexis Bankers Almanac Validate which verifies global payment data and prevents fraud. The immediacy of instant payments demands precision and validation.

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Addressing Fraud Prevention Financial Inclusion Payments 122

PYMNTS

APRIL 18, 2019

In reference to Ripple competitor SWIFT : Diamond Trust Bank — based in East Africa and operating in Burundi, Kenya, Uganda and Tanzania — has become the first East African bank to go live on SWIFT’s global payments innovation (gpi) offering. Africa, Too.

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Cross-Border Cross-Border Payments SWIFT Authentication 77

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Photo by Lea L on Unsplash

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Cross-Border Payments Cross-Border Visa FedNow 59

Fintech Finance

MAY 29, 2025

Conduit’s cross-border payment network seamlessly integrates stablecoins, USD and local currencies, providing businesses with a faster, cheaper, and more reliable alternative to the legacy SWIFT system. “Traditional cross-border payment systems do not meet the demands of modern businesses. .”

Cross-Border Payments 81

Cross-Border Payments Cross-Border Stablecoins SWIFT 81

PYMNTS

SEPTEMBER 6, 2018

SWIFT, Too. One might be forgiven for thinking that the news surrounding secure messaging provider SWIFT has been limited to speculation and headlines concerning the possibility of a parallel, Europe-focused, cross-border payment scheme. Ma is contributing $10 million to a fund that will be geared toward African entrepreneurs.

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SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

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On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

JULY 31, 2019

According to the latest Smarter Payments Tracker , global payment usage is at an all-time high. So, why do cross-border payments present so many challenges? We are seeing a lot of worldwide initiatives to make the move to real-time or almost real-time payments.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

Fintech Finance

JULY 12, 2024

“CashPro Search is a major time saver for our clients who’ve used it 7 million times since it was initially deployed,” said Christian Stolcke, head of Financial Institutions, NBFIs and Governments in Global Payments Solutions (GPS) at Bank of America.

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Transactions Correspondent Wire Wires 98

PYMNTS

DECEMBER 17, 2019

Payment rails are getting more attention these days, and there is an increasing focus on offering a standardized, relatively seamless experience that can be locked and loaded by various operators with minimal hassle. that develops solutions for digital currency. Open Banking. We offer a single API across all banks,” Kirsch told Webster.

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

SEPTEMBER 10, 2019

Fragmentation reigns, then, and as detailed in the Simplifying Cross-Border Payments Playbook , as firms strive to connect cross-border fund flows, any number of considerations are paramount. These include security and grappling with legacy systems in the embrace of real-time payments.

Cross-Border Payments 53

Cross-Border Payments Cross-Border Real Time Payments Security 53

The Fintech Times

OCTOBER 19, 2024

Through its new Instant Payments Service, Broadridge supports real-time money transfers, operating constantly, with transaction processing times of under 10 seconds from payer to beneficiary.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

NOVEMBER 21, 2018

Citi ’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets. In addition to expanding to new markets, the solution is now available to all client segments across corporate, public sector and financial institutions (FIs).

Cross-Border 52

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 52