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

MARCH 28, 2018

SWIFT and SAP are collaborating to facilitate corporate-to-bank connectivity into the SWIFT network, the companies recently announced. The payments messaging firm and the enterprise software conglomerate revealed they are working together to streamline corporate treasury’s integration into the SWIFT network via financial institutions.

SWIFT 49

SWIFT Treasury Payment Message Facilitators 49

The Fintech Times

AUGUST 8, 2024

. “At AP+ our purpose is to unite people and technology to power better experiences, and I believe the CoP solution delivers to that purpose. We are in a unique position to bring industry groups together to create a solution that will help everyone reduce mistaken payments and combat scams and frauds.”

Payee 59

Payee SWIFT Scams Payment APIs and Integration 59

PYMNTS

JANUARY 13, 2017

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. 12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks.

SWIFT 41

SWIFT Blockchain Cross-Border Payments Cross-Border 41

The Fintech Times

FEBRUARY 21, 2024

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. “Public-private partnerships will also rise among regulators and payment players such as banks and technology providers.

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

PYMNTS

JUNE 24, 2019

Payments messaging firm SWIFT will allow blockchain companies to connect into its global payments innovation (gpi) platform, SWIFT said in its latest report on the future of payments. The initiative follows a collaboration between SWIFT and R3 that was announced in January, reports noted.

SWIFT 43

SWIFT Blockchain Cross-Border Payments Cross-Border 43

PYMNTS

OCTOBER 7, 2019

First Investment Bank ( Fibank ) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT data shows that about 36 percent of gpi transfers reach their destination within 5 minutes. About 53 percent reach in an hour, and 96 percent reach the same day.

SWIFT 43

SWIFT International Payments Correspondent Payment Message 43

PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

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 Cross-Border 43

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard.

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

Fintech News

JUNE 16, 2025

Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.

Cross-Border Payments 77

Cross-Border Payments Cross-Border APACS ISO 20022 77

PYMNTS

JULY 9, 2020

In a PYMNTS interview , Tim Coats, Oxbury co-founder, chief customer and regulatory officer, said Faster Payments will become a key rail for the farming and agricultural space to accelerate cash flow through its supply chain. SWIFT Certifies Fiorano ISO 20022.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

JUNE 15, 2018

A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement , the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative.

SWIFT 40

SWIFT Cross-Border Payments Cross-Border Blockchain 40

PYMNTS

JUNE 16, 2018

Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network. European Union sanctions against Russia for its annexation of Crimea in 2014 sparked concerns that SWIFT may remove Russia from its system.

SWIFT 45

SWIFT Blockchain Central Bank Underwriting 45

PYMNTS

AUGUST 16, 2019

Many are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets, including with TCH’s RTP system in the U.S. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 3, 2019

BitPay customers are leveraging the promise of blockchain payment technology — and, with XRP, can offer a payment option that is fast, cost-effective and scalable,” said Sean Rolland, director of product at BitPay, in the announcement.

API 76

API Finance SWIFT Blockchain 76

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In its announcement , SWIFT noted that this standardization will be especially impactful for high-value corporate payments within the correspondent banking sphere.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

DECEMBER 13, 2018

Separately, SWIFT said this past week that it has launched a pilot program that focuses on an integrated gpi payments service that quickly identifies and eliminates payment message errors. SWIFT has said it is working with 14 banks globally. The pilot is tied to a more broad-reaching gpi pre-validation program.

SWIFT 53

SWIFT Payment APIs and Integration Interbank Settlement Faster Payments 53

PYMNTS

SEPTEMBER 11, 2019

A majority (61 percent) regarded the flexibility and standardized nature of global data formats to be a benefit of real-time payments, which speaks to the importance of real-time payments for cross-border. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce.

Cross-Border Payments 76

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

The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

MARCH 21, 2017

For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. which the institution plans to deploy in its corporate payments operation. ” That doesn’t describe JPMorgan’s technology, the publication said (nor is the JPM Coin a stablecoin, it added).

B2B 70

B2B Cryptocurrency Payments Blockchain 70

PYMNTS

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. The initiative enables 2,000 corporate groups on the SWIFT network to utilize the KYC Registry by uploading and maintaining their KYC data with financial institutions.

Law Enforcement 52

Law Enforcement Laws FTC SWIFT 52

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. SWIFT’s decision caused the Australian Payments Council (APC) and the Reserve Bank of Australia to migrate some of the country’s payments systems to ISO 20022 as well.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program.

Cross-Border Payments 41

Cross-Border Payments Cross-Border B2B SWIFT 41

Fintech News

DECEMBER 10, 2023

Tackling this challenge requires a multifaceted approach focusing on data accuracy, technology integration, fraud prevention, and balancing customer experience with regulatory compliance. Understanding the complexity of payments At first glance, payment processes may seem straightforward but can be deceptively intricate. .”

Addressing 120

Addressing Fraud Prevention Financial Inclusion Payments 120

PYMNTS

FEBRUARY 19, 2019

” Large enterprises are locked into their payment habits and complex, legacy ERP systems, so initiating any change in technology or behavior is no easy feat. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., and Europe have imposed.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

AUGUST 28, 2019

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

SEPTEMBER 27, 2019

The Financial Stability Board released analysis last year that found SWIFT interbank payment messages reflected a 4.1 Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the decline.

Correspondent Bank 55

Correspondent Bank Correspondent Cross-Border ISO 20022 55

PYMNTS

NOVEMBER 20, 2018

Banking technology provider Cashplus is introducing a new application program interface (API) designed to allow small and medium-sized businesses (SMBs) to make mass payments to their vendors simultaneously. A press release Monday (Nov. 19) said Cashplus, based in the U.K.,

API 43

API Payment APIs and Integration Small Business Payments 43

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. SWIFT has similarly taken to boosting ISO 20022’s adoption within Canada , too.

ISO 20022 40

ISO 20022 ISOs Message Standards Federal Reserve 40

PYMNTS

JANUARY 26, 2017

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO.

Blockchain 57

Blockchain Cross-Border Payments B2B Cross-Border 57

PYMNTS

SEPTEMBER 23, 2019

For financial institutions, the technology presents an opportunity to attract and retain corporate clients while simultaneously reducing security risks associated with manual or other data aggregation strategies. On average, an organization will manage 300 APIs.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

DECEMBER 17, 2019

Meanwhile, payments messaging firm SWIFT recently announced that its gpi service can now integrate into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments. You are dealing with a legacy system that doesn’t work on weekends.”. Uber Angle.

Central Bank 52

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

PYMNTS

NOVEMBER 19, 2019

He cited other risk-reduction programs that cut across the banking ecosystem including SWIFT’s customer security program, which mandates that every institution, including corporates, connected to the payment messaging system have a minimum set of controls — and participants need to attest the controls that are in place.

Fraud Prevention 40

Fraud Prevention Treasury Interoperability Cross-Border 40

PYMNTS

NOVEMBER 2, 2017

All of these risks change as companies grow, expand across borders and implement new technologies. It enables you to track payments across borders in real time, to know where they are. SWIFT’s payment messaging standards are similarly boosting transparency in the movement of money around the world, he said.

Risk 40

Risk Innovation Treasury Treasury Management 40

PYMNTS

JULY 28, 2016

to leverage ISO 20022 payment message standards for the payment itself and for remittance, without forcing everyone to make changes to the ACH formats and continue with existing NACHA Operating Rules ,” Estep said. DEFINING THE VALUE BY WALKING BACK CONVERSION.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40