Payments Dive

FEBRUARY 15, 2023

The Clearing House and other payments players, including Swift, are readying for the March rollout of a international payments standard.

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Fintech Finance

NOVEMBER 13, 2024

The innovation helps enable travelers to add funds to their TourCard digital account with Bank of Shanghai from another source, helping to make the payment experience smoother when settling expenses locally.

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Fintech News

DECEMBER 11, 2023

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. They will be granted access to the Swift Challenge sandbox environment.

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Payments Source

DECEMBER 10, 2020

Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.

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Fintech Finance

OCTOBER 28, 2024

PCBB and Finzly , two leading innovators in the financial payments industry, have formed a strategic partnership to deliver enhanced international payment services to Finzly’s customers. The post PCBB and Finzly Partnership Boosts International Payment Services appeared first on FF News | Fintech Finance.

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Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

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PYMNTS

OCTOBER 1, 2020

SWIFT , a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized businesses (SMBs) and consumers who send low-value payments across borders. SWIFT said this latest improvement is another building block for its new strategy.

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Cross-Border Payments Cross-Border SWIFT Payments 113

Fintech Finance

APRIL 24, 2024

The Bank of England has provided a strong commitment to the international programme through the development of its new Real Time Gross Settlement System (RTGS) which sits at the heart of the UK’s national payments infrastructure. The UK is increasingly falling behind the world order in this space, with the inability of Pay.UK

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Fintech Finance

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.

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Fintech News

JUNE 4, 2024

International Payment Identity (iPiD), a Singapore-based fintech that recently joined Visa’s 2024 Accelerator Programme , has raised US$5.3 Founded in 2021 by former Swift executives, iPiD offers advanced payee verification and identification solutions aimed at enhancing global payment security.

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Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. For more information on how to connect to Nium via Swift, visit here.

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Payments Source

MAY 23, 2017

Calling it a first in international payments, the Society for Worldwide Interbank Financial Telecommunication [Swift] is providing a cross-border, real-time payments tracker for banks handling global transactions.

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PYMNTS

OCTOBER 7, 2020

In today’s top news, Oracle and Swift team up to provide fast cross-border payments, and House Democrats are advocating for big changes to Big Tech. Oracle, SWIFT Add Fast Cross-Border Payments For SMBs. Oracle Banking Payments announced Wednesday (Oct. Macy's Invests In BNPL Firm Klarna. Macy’s Inc.

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SWIFT Cross-Border Payments Cross-Border BNPL 124

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . and Ireland at SWIFT. .

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Bank Automation

JUNE 14, 2024

International payments network Swift is deploying technology to make its payments faster, safer and more efficient.

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Fintech Finance

DECEMBER 17, 2024

Meanwhile, the regions B2B cross-border payments market is set to more than double, from $600 billion to $1.37 trillion by 2030. By working together, businesses and regulators can navigate this evolving landscape and embrace innovative solutions that can drive the regions full economic potential.

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Cross-Border Payments Cross-Border Stablecoins Transactions 98

Fintech Finance

SEPTEMBER 19, 2024

By partnering with dLocal, MoneyGram will continue to streamline cross-border payments and lower costs to consumers by pairing its global network and innovative technology with dLocal’s advanced payout solutions and adaptable local payment methods, such as wallets and bank accounts.

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PYMNTS

AUGUST 1, 2019

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.

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ISO 20022 ISOs SWIFT Cross-Border 76

The Paypers

JUNE 20, 2022

Russia’s Rostec Group , a government organization, has developed a blockchain platform to launch a digital system for international payments capable of replacing the global SWIFT system.

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PYMNTS

SEPTEMBER 30, 2016

Global banks using SWIFT networks, the global interbank messaging system used to move trillions of dollars each day, are stepping up their security systems amid the rising threat of cyberattacks. The vulnerabilities of the SWIFT system — as well as the growing number of cybercrime incidents and hacking threats — have left the industry shaken.

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Payments Source

JULY 22, 2019

dominated payments systems such as Swift, driven by the rise in cross-border trade and a desire to find non-dollar alternatives to international payments systems vulnerable to sanctions by the U.S. Russia and its BRICS partners are developing cross-border alternatives to U.S.-dominated government.

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SWIFT Cross-Border International Payments Payments 76

PYMNTS

SEPTEMBER 14, 2020

Middle Eastern finance group Emirates National Bank Dubai (NBD) has deployed a centralized international payments hub on Tata Consultancy Services ' TCS BaNCS For Payments, according to a press release , which will help to boost payments in numerous countries across the world.

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The Paypers

JULY 23, 2024

TerraPay has announced that financial institutions can transfer funds directly to mobile wallets internationally using their current Swift connections.

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PYMNTS

MARCH 21, 2019

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

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Cross-Border Payments Cross-Border SWIFT Payments 66

Payments Source

APRIL 9, 2019

National Australia Bank is utilizing the end-to-end transaction tracking system through Swift's Global Payments Innovation system, making it the first bank in Australia to allow business customers to track international payments through one click on an account platform.

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PYMNTS

OCTOBER 21, 2018

SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. The linkage was achieved by participant banks like National Australia Bank processing incoming SWIFT gpi payments onward as NPP instant payments.”.

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Fintech Finance

JANUARY 20, 2025

The platform offers multi-currency accounts, starting with USD, EUR, GBP, NGN and Stablecoins, with payments to more than 100 countries. Businesses seeking to expand internationally and companies that regularly engage in international payments can also leverage the platform.

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Payments Dive

APRIL 26, 2023

“As a standardized format, ISO 20022 creates a common language for international payments the world over,” writes an executive in support of industry collaboration.

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Payments Source

JUNE 9, 2017

International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.

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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. Argentina and Poland.

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Fintech Finance

MARCH 19, 2024

Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money.

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PYMNTS

DECEMBER 18, 2018

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. According to SWIFT, the SWIFT gpi service has improved the customer experience in cross-border payments by boosting speed, transparency and the traceability of payments.

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The Fintech Times

MARCH 6, 2025

The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product.

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Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

Finovate

APRIL 30, 2024

International banking technology company Veritran announced a collaboration with financial messaging services company Swift. As part of the collaboration, Veritran has joined the Swift Partner Programme. Swift GPI Tracker enables users to check the status of cross-border payments.

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Cross-Border Payments Cross-Border SWIFT Payment APIs and Integration 59

Finextra

JUNE 10, 2025

Home News Regulation Payments fintech Navro acquires first US licence Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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Payments Source

MAY 18, 2018

Blockchain's potential for revolutionizing the world’s payment systems has captured the imagination in recent years, and last month Santander became the U.K.'s s first bank to use the technology to create a new international payments service.

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Finextra

APRIL 18, 2024

UniCredit is now the first and only bank across its core markets to offer Swift GPI on international payments across each of its client segments - from retail clients up to SMEs and multinational corporates - following its recent roll-out of the free service in Austria, Italy and Germany.

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