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The process integrates the World Wire API into banks’ payment systems. The company said that the Blockchain World Wire can simultaneously clear and settle cross-border payments in nearrealtime. SWIFT, Too. Ma is contributing $10 million to a fund that will be geared toward African entrepreneurs.
Others are working toward tougher security, with Payments NZ , the organization governing New Zealand’s core payment system, releasing new API standards for account data and paymentinitiations. Meanwhile, slow and inconvenient payment processes are a headache for both buyers and sellers. About the Tracker.
“Financial institutions need to be actively exploring use cases for real-timepayments within their own organizations for meeting the requirement of their customers. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.
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