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. The UKs payments landscape is at an inflexion point.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

SWIFT 132

SWIFT Payee Interoperability Payment Message 132

Finextra

JUNE 27, 2025

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. And unfortunately, more work is ahead for everyone.

Addressing 90

Addressing ISO 20022 ISOs Payment APIs and Integration 90

Payments Source

APRIL 24, 2019

Javier Pérez-Tasso has been named the new CEO of payments messaging standards provider Swift, replacing Gottfried Leibbrandt, who steps down from the post at the end of June.

SWIFT 115

SWIFT Message Standards Payment Message Posting 115

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. EVO Payments Wields Visa Rails for Merchants. SWIFT to Launch New Real-Time Rails.

Innovation 116

Innovation Payment APIs and Integration SWIFT Real Time Payments 116

Fintech Finance

OCTOBER 17, 2024

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. These regulations are expected to accelerate the adoption of instant payments across Europe, with key compliance deadlines set for 2025.

Instant Payments 98

Instant Payments Regulations SWIFT Payments 98

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.

Real Time Payments 95

Real Time Payments SWIFT Payment Networks Cross-Border Payments 95

Fintech News

OCTOBER 15, 2024

With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game. The Drivers of Change Source: Adobe Stock ISO 20022 has become the global standard for payments messaging, with two-thirds of real-time payment systems around the world already using it, according to Mastercard.

ISO 20022 113

ISO 20022 ISOs Payments Federal Reserve 113

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. “International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

Fintech Finance

SEPTEMBER 17, 2024

Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date.

ISO 20022 105

ISO 20022 ISOs Reconciliation Message Standards 105

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. A Payments Culture Shift. It’s the culture that is changing.”.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

The Payments Association

JUNE 16, 2025

Offline settlements with a digital pound: Lessons from the BoE’s report 16 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? A Bank of England experiment proving that offline payments with a digital pound are technically feasible, but complex. Why is it important?

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Fintech News

DECEMBER 10, 2023

In a global financial landscape where efficiency and accuracy are paramount, the challenge of failed payments is a significant hurdle for small and medium-sized enterprises (SMEs) and financial institutions (FIs), particularly in a vibrant market like Singapore.

Addressing 120

Addressing Fraud Prevention Financial Inclusion Payments 120

Payments Source

FEBRUARY 27, 2018

The network says more than $100 billion in Swift GPI payment messages are sent daily, enabling payments to be credited to the end beneficiaries within minutes — and some within seconds.

Cross-Border Payments 65

Cross-Border Payments SWIFT Cross-Border Payment Message 65

Payments Source

SEPTEMBER 11, 2018

The Society for Worldwide Interbank Financial Telecommunication says a pre-validation system it will launch soon to catch payment message mistakes prior to dispatch should increase the number of payments reaching beneficiaries in less than 30 seconds.

SWIFT 62

SWIFT Payment Message Payments Faster Payments 62

Payments Source

DECEMBER 5, 2018

Fifteen major banks will test Swift's pre-validation service for Global Payments Innovation transactions, focusing on quickly identifying and eliminating errors or omissions in payment messages.

SWIFT 61

SWIFT Payment Message Payments Global Payments 61

PYMNTS

SEPTEMBER 19, 2016

16) said several central banks have confirmed the formation of a task force to explore cybersecurity of cross-border payments and banking to protect interbank transactions. With the pressure of cybercrime mounting in the financial services space, several central banks of the globe are joining together to figure out a strategy.

Cybersecurity 78

Cybersecurity Global Payments Central Bank Cross-Border Payments 78

PYMNTS

MARCH 21, 2017

A new report from financial services company Nordea says corporates are waiting for their banks and other FinServ providers to standardize payment processes. The majority of companies surveyed by Nordea for its Future of Payments report said they are working with at least five banks for their payments and collection needs.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

Payments Source

JUNE 15, 2017

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

Instant Payments 60

Instant Payments SWIFT Payment Message Faster Payments 60

PYMNTS

JULY 29, 2020

According to Reuters, the report urges increased use of the Cross-Border Interbank Payment System ( CIPS ) instead of the Belgium-based SWIFT system. In theory, this would help protect China’s global payments data from possible U.S. Gaining richer payments data is one of the key selling points for the new standard.

ISO 20022 116

ISO 20022 SWIFT Cross-Border ISOs 116

PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. and Sweden, it noted.

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

JULY 22, 2020

As real-time payment infrastructure grows more sophisticated, technology presents an opportunity for organizations to mitigate the adoption hurdle. According to Ramón Villarreal , global architect, financial services at Red Hat , the value in real-time payments can significantly outweigh any challenges faced in the adoption process.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

JANUARY 26, 2021

Citi is accelerating its migration to the ISO 20022 payments messaging standard and has tapped a third-party FinTech to aid in the process. Citi is using Volante’s VolPay for ISO 20022 Migration technology to build out its core ISO 20022 capability, which will allow the bank to send and receive messages that use the standard.

ISO 20022 142

ISO 20022 ISOs Payment APIs and Integration Message Standards 142

Payments Source

JUNE 3, 2019

Payments messaging standards provider Swift has received a license to offer connections to all of the Eurosystem market infrastructures for payments, securities settlement and collateral management.

SWIFT 69

SWIFT Message Standards Gateways Payment Message 69

PYMNTS

MARCH 11, 2020

There’s a battle brewing in payments. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. Sensing that existing fast payments are not accessible enough, the Fed proposed the FedNow? Public vs. Private RTP. It’s a question of when.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

NOVEMBER 22, 2016

Just weeks after receiving approval to facilitate cross-border payments originating from India, FinTech firm Earthport revealed its newest partner to get operations off the ground. 21) said Earthport is working with India’s third-largest bank, Axis Bank, to enable outbound global payments for its users. Reports Monday (Nov.

Cross-Border Payments 68

Cross-Border Payments Cross-Border SWIFT Payments 68

Payments Source

DECEMBER 16, 2019

Payments messaging standards provider Swift has opened its global Know Your Customer registry to all the corporations it connects to following a successful test.

SWIFT 69

SWIFT Message Standards Payment Message Payments 69

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. API integrations can make it easier than ever for third-party FinTech solutions to enhance their own payment capabilities.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

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.

Cross-Border Payments 76

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

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. A Call for Transparency.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

Payments Source

APRIL 4, 2019

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Cross-Border 62

PYMNTS

APRIL 9, 2019

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020.

SWIFT 73

SWIFT ISO 20022 Payment Message Liquidity Management 73

PYMNTS

FEBRUARY 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. In the U.K., In the U.K., This week, the U.K.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75