PYMNTS

JUNE 28, 2016

As of today, 73 new banks have signed on to Swift’s Global payments initiative. The goal of the project is to expand the payment services and experience for customers by upping the speed, transparency and predictability of cross-border payments.

Payment Initiation 40

Payment Initiation Global Payments Cross-Border Payments Cross-Border 40

PYMNTS

SEPTEMBER 6, 2018

… It all means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”. Africa As Greenfield Payments Opportunity. The digital asset facilitates the trade, and supplies important settlement instructions. IBM will be demoing the new project this October.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

OCTOBER 6, 2016

” When PYMNTS spoke to SWIFT about some of the criticism it’s faced over gpi, Head of Payments Initiatives for the Americas and U.K. Region Stacy Rosenthal didn’t speak directly of Ripple’s swipes. “There are different perspectives when it comes to gpi,” she said.

SWIFT 75

SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

OCTOBER 28, 2019

Domestic and cross-border payments are supported in over 130 currencies. Account information service providers will have improved account visibility, and payment initiation service providers will be able to integrate with Western Union ’s payment network and correspondent banks.

API 51

API International Payments Payment APIs and Integration Cross-Border 51

PYMNTS

MAY 3, 2019

. “These are all issues emanating from the traditional correspondent banking infrastructure,” explained Banking Circle CEO Anders la Cour at the time.

Global Payments 60

Global Payments Cross-Border Payments Cross-Border Small Business 60

PYMNTS

AUGUST 21, 2020

For the financial services world to address businesses’ global payments needs, Conibear said they must take a holistic approach that goes beyond facilitating cross-border payments or improving upon legacy payment rails. Beyond Payments Initiation. Open banking and PSD2 initiatives in the U.K.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

APRIL 1, 2019

As noted, SWIFT has rolled out its gpi (short for global payments initiative). Ripple has xRapid, its cross-border payments solution. As a result, DLT can lower costs, and boost transparency, in part by eliminating the need for a correspondent banking relationship.

Cross-Border 61

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Payments Transactions 61