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. European Banks Ready New Payment System. SWIFT Certifies Fiorano ISO 20022. Recent reports in Verdict.co.uk

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability 61

Interoperability ISO 20022 Cross-Border ISOs 61

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

DECEMBER 17, 2019

Payment rails are getting more attention these days, and there is an increasing focus on offering a standardized, relatively seamless experience that can be locked and loaded by various operators with minimal hassle. that develops solutions for digital currency. Open Banking.

Central Bank 52

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

PYMNTS

AUGUST 21, 2020

There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify.

Multi-Currency 69

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

Fintech Finance

NOVEMBER 21, 2024

The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of cross-border payments. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

Payment Networks 98

Payment Networks Digital Payments Stablecoins Digital Currency 98

PYMNTS

AUGUST 15, 2019

The growing traction of faster payments continues, especially across a cross-border backdrop. In news reported by MoneyControl.com, SWIFT, the payments messaging giant, is reportedly looking at testing instant international settlements with local networks in India to speed transactions and make them more transparent.

Settlement 51

Settlement SWIFT Cross-Border Cross-Border Payments 51

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

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

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

JANUARY 13, 2017

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. It’s no certainty, however, that a working application using blockchain for cross-border payments will emerge, SWIFT said. An announcement Thursday (Jan.

SWIFT 41

SWIFT Cross-Border Payments Blockchain Cross-Border 41

PYMNTS

APRIL 23, 2018

Singapore bank DBS is introducing the ability for small businesses and larger corporates to track their cross-border payments in real time. Corporate cross-border payment volumes have increased by 25 percent in the last 12 months,” said Navinder Duggal, DBS head of cash product management.

Real Time Payments 46

Real Time Payments Cross-Border Payments Cross-Border SWIFT 46

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

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai. China International Payment Service Corp.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40

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

SEPTEMBER 12, 2019

11), Mastercard announced a collaboration with blockchain company R3 to create a blockchain-based tool for cross-border B2B payments. Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3.”.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

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 40

Cross-Border Cross-Border Payments P2P SWIFT 40

PYMNTS

APRIL 19, 2017

The largest retail bank in Italy has made its first major step onto the stage of real-time cross-border payments. Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments.

Real Time Payments 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border.

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

SEPTEMBER 22, 2017

Months prior, the bank also said it joined SWIFT’s global payments innovation initiative, an effort that focuses on innovation in the cross-border payments space using the SWIFT payments messaging network with a focus on faster payments and data collection.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payment Message SWIFT 40

PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments. Beyond the Payment.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

JUNE 7, 2018

Competition in the cross-border payments market is on the rise as blockchain firm Ripple and payments messaging company SWIFT vie for market leadership. The company also launched a partnership earlier this year with Spain’s Banco Santander to develop a cross-border payments service based on XCurrent.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Blockchain 59

PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

SWIFT 73

SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73

PYMNTS

MAY 24, 2018

SWIFT announced Thursday (May 24) that 25 percent of all SWIFT cross-border payment traffic is being sent over the global payments innovation — or gpi — in the 15 months since the service was rolled out.

Cross-Border Payments 40

Cross-Border Payments Cross-Border SWIFT Accounts 40

PYMNTS

JUNE 13, 2018

This week, reports in the Financial Times highlighted the competitive pressure between SWIFT and Ripple as the two companies rival for the top spot in the cross-border payments market. SWIFT, a payments messaging company, has introduced its Global Payments Innovation (GPI) initiative to boost innovation in global payments.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) SWIFT Cross-Border Payments 44

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.

ISO 20022 40

ISO 20022 ISOs Message Standards Federal Reserve 40