PYMNTS

MAY 9, 2016

Bangladeshi police and banking officials say that the connection of SWIFT messaging to a new bank transaction system could have led to the $81 million cyberheist at the central bank of Bangladesh. The specific issue seems to have been with how SWIFT was connected with Bangladesh’s first real-time gross settlement (RTGS) system.

Real Time Gross Settlement (RTGS) 41

Real Time Gross Settlement (RTGS) SWIFT Central Bank Fed 41

PYMNTS

FEBRUARY 21, 2019

The companies noted that the blocks are focused on SWIFT and SEPA payments, using EastNets’ PaymentSafe and SafeWatch Filtering solutions, which will make such payments compliant with anti-money laundering (AML) mandates. In Canada, Payments Canada said on Wednesday (Feb.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

PYMNTS

MAY 13, 2016

In light of the events surrounding the $81 million Bangladesh central bank heist, SWIFT has stepped forward to clarify that it does not hold any liability for fraudulent transactions originating from cyberattacks on its customers’ networks. The meeting marked the first time officials decided to cooperate.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) SWIFT Fed Encryption 40

PYMNTS

APRIL 8, 2020

The time available to fix SWIFT messages is two days; the time to fix real-time gross settlement (RTGS) payments is the daily cutoff; to fix faster payments is two hours; and instant payments a scant two minutes.

Real Time Gross Settlement (RTGS) 72

Real Time Gross Settlement (RTGS) ISO 20022 Cross-Border Cross-Border Payments 72

PYMNTS

OCTOBER 11, 2017

It uses the ACI Money Transfer System and the payment processing capabilities of UP Immediate Payments to connect banks to real-time payment schemes and Real-Time Gross Settlement (RTGS), enabling FIs to deploy open API technology and support SWIFT functionality, including support of SWIFT’s global payments innovation (gpi) and SWIFTNet.

Real Time Payments 40

Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

NOVEMBER 6, 2018

Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. The governor of the Federal Reserve is pushing conversations on getting an RTGS system in the U.S.,

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

DECEMBER 5, 2018

By 1990, many countries had real-time gross settlement (RTGS) systems in place to rapidly clear and settle high-value transactions. But as countries continue to demand more from their RTGS offerings, many are realizing that their aging services no longer meet their needs.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Central Bank Instant Payments 40