PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. More than 110 banks from Europe, Asia Pacific, Africa and the Americas are part of the SWIFT gpi, which has been in a pilot stage. and Australia’s NPP.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments . Interoperability And Adoption . Hurdles And Supports .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022 40

ISO 20022 ISOs SWIFT Message Standards 40

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 messaging firm has said that connecting to TIPS is part of broadening access to the upcoming Eurosystem Single Market Infrastructure Gateway.

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

SEPTEMBER 11, 2019

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions.

Cross-Border Payments 76

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

The Fintech Times

JULY 20, 2024

On Thursday 18 July, the CHAPS system, used by UK high-street banks and lenders to send money to one another, experienced an outage, caused by a glitch related to the global network Swift. This has included using new technology and messaging standards (ISO 20022) to improve performance, data quality and operational efficiency.

Payments 122

Payments Mitigation Regulations Cybersecurity 122

PYMNTS

JUNE 16, 2020

As the financial services industry seeks to expand the use and value of instant payments linking cross-border transactions with always-on digital commerce, uniting far-flung stakeholders and fostering interoperability is key. The containers are uniform and standardized even though they hold a broad range of items.

ISO 20022 72

ISO 20022 Cross-Border B2B ISOs 72

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

OCTOBER 2, 2019

However, with real-time payment modalities, and through the messaging standard ISO 20022, data can be easily uploaded into firms’ billing systems. How does this differ from a SWIFT transaction? Despite that, there is a better option, as roughly 40 percent of B2B payments are still done by paper checks. “The

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

MARCH 14, 2019

Kohli pointed to SWIFT’s gpi initiative as a significant driver of innovation and progress in the cross-border transaction market, and an example of the impact of payments innovation to not only make global payments more efficient, but to promote the adoption of faster payments functionality. .

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

JANUARY 17, 2018

With a Memorandum of Understanding (MOU) in hand, SWIFT has also emerged as a top blockchain collaborator with seven central securities depositories, the company announced this week. The promise of the technology on paper is great, but it is currently missing a key component around standardization.

Blockchain 46

Blockchain ISO 20022 ISOs SWIFT 46

PYMNTS

JANUARY 26, 2017

Interoperability and integration of the buyer and sellers’ data is therefore essential. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO. Today, that data is stored in their ERP.”.

Blockchain 57

Blockchain Cross-Border Payments B2B Cross-Border 57

PYMNTS

SEPTEMBER 7, 2017

Industry collaboration will be critical to achieving goals of accelerated payments, the Fed said, with top challenges identified as “interoperability, ubiquity and accessibility” of faster payments capabilities. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

The Payments Association

JANUARY 15, 2025

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

Fintech Finance

APRIL 30, 2025

The white paper provides a comprehensive guide to navigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards. By offering full native support for both legacy SWIFT MT and modern MX messaging, SmartVista enables gradual migration with minimal to zero disruption.

ISO 20022 97

ISO 20022 ISOs SWIFT Financial Inclusion 97