Fintech Finance

JULY 2, 2025

Limit exceptions to electronic payments and continue to work with banks to detect counterfeit or altered checks. Study government payment data to better understand why some consumers still rely on paper checks.

Treasury 52

Treasury Checks SWIFT Treasury Checks 52

Trade Credit & Liquidity Management

JUNE 25, 2025

By leveraging a wider array of data sources, including real-time analytics, alternative data, and deeper supply chain insights, businesses can respond more swiftly to emerging risks and regulatory demands. To get a fuller, more current picture of customer and supplier risk, here are some of the most important data assets: 1.

Risk Assessment 52

Risk Assessment Regulatory Compliance Assessments Legal 52

Finextra

JUNE 18, 2025

From Insight to Innovation By embedding data-driven intelligence into the product lifecycle, banks can create self-learning systems that adapt dynamically to client needs, market conditions, and regulatory demands. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Transactions 52

Transactions Payment APIs and Integration Cross-Border Risk 52

PYMNTS

JULY 29, 2020

and China heating to a boil, one of China’s top banks is urging financial institutions (FIs) to cut their use of the SWIFT financial messaging network for cross-border transactions. adopting measures such as locking Chinese banks out of SWIFT, Reuters reported. With the economic and political battles between the U.S.

ISO 20022 116

ISO 20022 SWIFT Cross-Border ISOs 116

PYMNTS

FEBRUARY 26, 2020

Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country. To advance these benefits to the global financial community, SWIFT is facilitating the adoption of ISO 20022 in cross-border and domestic FI to FI payments and reporting messages.

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ISO 20022 ISOs SWIFT Cross-Border Payments 104

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. .

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. . ” AscendantFX Eyes Payment Tracking With gpi. Visa Joins NACHA Pilot.

RTP 101

RTP Phixius FPC NACHA 101

PYMNTS

JANUARY 21, 2021

The Payment Tracker will allow mid-cap and small- to medium-sized business (SMB) clients of iBanFirst working with B2B transactions to track payments in the same way consumers track parcels, the release stated. It leverages the SWIFT gpi tracking service and other payment data services, along with the platform’s own data.

B2B 87

B2B Transactions Payee Payer 87

The Paypers

OCTOBER 7, 2016

(The Paypers) SWIFT has announced that Swedish financial services group, Nordea Bank AB, has become the first subscriber to its new Payments Data Quality service.

SWIFT 31

SWIFT Payments Data Payments 31

Fintech Finance

AUGUST 29, 2024

Offering a direct connection to the card networks via an API, Silverflow’s clients receive automatic updates and core features like 3D Secure, network tokenisation, direct-to-card payouts, and access to payments data that traditional payments technology providers won’t provide.

Payment APIs and Integration 97

Payment APIs and Integration Innovation Payments SWIFT 97

Fintech Finance

JULY 8, 2024

He oversees the modernisation of NatWest’s payments technology estate, with responsibility for the run, change and continuous availability of payments as a systemically critical participant in the industry. He also serves on the Board of Directors of SWIFT.

ISO 20022 97

ISO 20022 Message Standards ISOs Payments Strategy 97

Fintech Finance

OCTOBER 17, 2024

These devices enable consumers to make swift, secure payments by simply tapping their wearable at any compatible point-of-sale (POS) terminal, ATM, or NFC-enabled payment point. By eliminating the need to expose cardholder information, the wearables ensure that payments are both safe and seamless.

Visa 122

Visa Technology Financial Inclusion Contactless Payments 122

Fintech Finance

JANUARY 2, 2024

StoneX has announced that it is one of the first financial organizations to enable Swift ’s new leading-edge solution for cross-border payments. Cross-border payments have long been a complex area marked by ongoing regulatory and compliance changes, bank offline hours, and increasing competition.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Verification 59

Fintech News

DECEMBER 10, 2023

Surprisingly, one of the most common reasons behind payment failures is incomplete or inaccurate data. To address this issue effectively, having a reliable source of truth for payment data is indispensable. This proactive approach eliminates the costly consequences of failed payments.

Addressing 122

Addressing Fraud Prevention Financial Inclusion Payments 122

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. That structure of data and the improvement along with the cash application itself is huge,” Hagan said.

Payment APIs and Integration 93

Payment APIs and Integration RTP Reconciliation Real Time Payments 93

PYMNTS

SEPTEMBER 11, 2019

API-based payment solutions can also help alleviate cross-border payments frictions by serving as payment-vetting mechanisms. In an interview with PYMNTS , Citi’s Global Head of Payments and Receivables Manish Kohli explained how APIs that pre-validate payments data can reduce errors and costs while improving speed.

Cross-Border Payments 76

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

PYMNTS

SEPTEMBER 10, 2019

Fragmentation reigns, then, and as detailed in the Simplifying Cross-Border Payments Playbook , as firms strive to connect cross-border fund flows, any number of considerations are paramount. These include security and grappling with legacy systems in the embrace of real-time payments.

Cross-Border Payments 53

Cross-Border Payments Cross-Border Real Time Payments Security 53

The Payments Association

MAY 9, 2025

Shell companies, falsified payment data, and weak governance over nested relationships were central themes in the case. Common typologies involving correspondent banking include: Incomplete or manipulated payment instructions (e.g.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

PYMNTS

JUNE 16, 2020

Modernization and standardization tie into the idea of containerization, where payment processing functions can scale with speed and ease — and where parties across the financial industry and the globe can communicate payment transaction information without friction or boundaries.

ISO 20022 72

ISO 20022 B2B Cross-Border ISOs 72

PYMNTS

MAY 3, 2019

Keeping global commerce moving requires rapid-fire, cross-border B2B payments. More banks are tapping SWIFT gpi, while corporates are tapping a new offering that enables them to use the Single European Payment Area (SEPA) Instant Credit Transfer (SCT Inst) scheme.

API 74

API Cross-Border Cross-Border Payments B2B 74

PYMNTS

JANUARY 19, 2021

The release also noted the existence of pre-defined official schema, covering SWIFT CBPR+ and several payment schemes, which can onboard new systems and countries into the solution. Saqib Sheikh, global head of SWIFT’s ISO 20022 program, told PYMNTS that the chief benefit of adopting ISO 20022 is the access to better payments data.

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ISO 20022 ISOs Message Standards Reconciliation 60

PYMNTS

JUNE 22, 2016

Last January, the bank was part of a group of financial institutions that signed onto SWIFT’s global payments innovation initiative , an effort to streamline cross-border payments via the SWIFT payments messaging network.

Cross-Border Payments 40

Cross-Border Payments P2P Cross-Border SWIFT 40

PYMNTS

JUNE 28, 2019

The new Smarter Payments Tracker examines how the financial services landscape is shifting to upgrade existing payment infrastructures or develop entirely new systems to deliver faster, more secure payments. The SWIFT gpi pilot is not the only partnership aimed at improving the cross-border payments infrastructure.

Cross-Border 44

Cross-Border Cross-Border Payments Deposit Account SWIFT 44

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

Payee 52

Payee Verification Payment APIs and Integration IBAN 52

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. in its faster payments initiatives.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

OCTOBER 26, 2018

In fact, identitii’s own research estimates that as much as 8 percent of SWIFT network messages are held up every day because there is not enough information linked to a payment for an institution to be able to process it (that equates to 2.4 “That’s a big expense for banks,” he noted.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

OCTOBER 22, 2019

Global messaging firm SWIFT is easing some cross-border payment pains by enabling the approximately 11,000 FIs that use its network to send standardized payments information to each other, although much work is needed. Limited connections between FIs can cause delays and higher costs as well.

Cross-Border Payments 41

Cross-Border Payments Cross-Border P2P B2B 41

PYMNTS

FEBRUARY 6, 2020

Faster payments allow firms to unlock improved invoicing terms and just-in-time stock management in addition to receiving their funds quickly. Letting Payments Data Flow. Companies are best positioned to take advantage of payments — instant or otherwise — when additional relevant data accompanies their transactions.

Faster Payments 64

Faster Payments API Payment APIs and Integration B2B 64

The Payments Association

FEBRUARY 14, 2025

In line with SWIFT and ECB timelines by November, a considerable portion of European cross-border and certain domestic payments must adopt ISO 20022 messaging standards. This shift introduces richer data fields, advanced compliance checks, and smoother STP.

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ISO 20022 Payment APIs and Integration ISOs Central Bank 100

PYMNTS

JUNE 29, 2020

It also examines how the pandemic’s effects are shifting the ways merchants and customers view payments and their financial relationships. Around the Data Protection World. Financial players around the world are upgrading or launching solutions to help them offer swift payments.

Contactless Payments 95

Contactless Payments Regulations Authentication Payments 95

PYMNTS

AUGUST 10, 2016

Moore echoed this sentiment, explaining that B2B payments (along with consumer remittances) are definitely an area that could be most affected by the integration of blockchain tools because of their potential to disrupt ACH and SWIFT so broadly. “That’s the big thing right now,” he said. ”

ACH 49

ACH Cross-Border Payments Blockchain Cross-Border 49

PYMNTS

JANUARY 8, 2021

According to the Playbook, automation and artificial intelligence (AI) “can accelerate domestic and cross-border B2B payment processes by reducing the time and resources required to finalize attached documents and categorize relevant payments data.

Cross-Border 61

Cross-Border B2B Automation Cross-Border Payments 61

PYMNTS

FEBRUARY 19, 2019

Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said. ” That disconnect can be found in many transactions, whether via faster payments infrastructure or other rails. and Europe have imposed.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

Clearly Payments

MARCH 18, 2024

Limited Business Acceptance: The decreasing popularity of cash is propogated by a decline in businesses willing to accept it as a form of payment. Data from the Federal Reserve reveals a stark reality—only 60% of businesses in the United States currently accept cash.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

The Fintech Times

APRIL 11, 2024

Particularly in the financial sector, where accuracy and clarity are paramount, a strong emphasis on transparency in payment data is crucial. This powerful tool provides customers with essential insights to optimise payment processes that ultimately helps make strategic, data-driven decisions.

Transactions 59

Transactions Compliance On-Demand SWIFT 59

PYMNTS

NOVEMBER 1, 2018

“Yet, there is still a general lack of knowledge in the market surrounding what, exactly, real-time payments is and what benefits it can provide. More than half of all businesses surveyed said they did not know enough about real-time payments to consider it as a viable B2B option,” PYMNTS reported.

Real Time Payments 57

Real Time Payments Faster Payments eWallet Payments 57