Payments Source

FEBRUARY 25, 2021

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

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SWIFT B2B Payment Initiation Global Payments 102

PYMNTS

MAY 3, 2019

It seems that’s the journey for cross-border payments, which are in the midst of a digital disruption as innovators focus on addressing a range of friction points, from sluggish speeds to high costs. Only a few years ago, small businesses lagged in global payments technology uptake.

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

PYMNTS

OCTOBER 7, 2020

Through collaboration with over 20 financial institutions and a number of vendors, we will enable these customers to make fast, easy, predictable and competitively priced payments all around the world via their banks.”. Oracle and SWIFT share a history of collaboration.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 145

The Fintech Times

MARCH 19, 2025

Merchants must update systems to keep up Kamran Hedjri, CEO and founder of PXP Financial For merchants, the shift towards unlimited contactless payments could streamline operations, particularly in high-traffic locations like supermarkets, restaurants and event venues.

Contactless Payments 98

Contactless Payments Consumer Security Fraud Prevention 98

Fintech Finance

MARCH 25, 2025

ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, and leadingU.K.convenience retailer Co-op have announced an extension of their strategic technology partnership. As a strategic technology partner, ACI has supported Co-op with the launch of several innovative payment initiatives in recent years.

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Technology Fraud Prevention Mobile Payment Processing Encryption 52

The Paypers

FEBRUARY 26, 2021

US-based Western Union Business Solutions has announced the expansion of its global capabilities, bringing different payment services to business customers.

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Payment Initiation Global Payments SWIFT Payments 34

PYMNTS

SEPTEMBER 17, 2020

Last month, AscendantFX Capital, a Toronto-based cross-border payments provider, joined the SWIFT network. By using its Global Payment Initiative (GPI), the company said it hopes to access better API capabilities and improve its aPay platform.

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Cross-Border SWIFT Cross-Border Payments API 139

PYMNTS

SEPTEMBER 6, 2018

One might be forgiven for thinking that the news surrounding secure messaging provider SWIFT has been limited to speculation and headlines concerning the possibility of a parallel, Europe-focused, cross-border payment scheme.

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SWIFT Payment Initiation Caps Cross-Border Payments 40

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

The Paypers

APRIL 11, 2016

(The Paypers) A total of 21 banks have signed on to pilot test SWIFT `s global payments initiative, a project aimed at modernizing cross-border payments by enabling same-day use of funds.

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Cross-Border Payments Cross-Border Payment Initiation SWIFT 28

Payments Source

FEBRUARY 16, 2017

A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.

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Cross-Border Payments Cross-Border SWIFT Payment Initiation 60

The Paypers

OCTOBER 23, 2018

(The Paypers) Deutsche Bank has issued a new white paper, ‘ Piecing together the global payments puzzle ’, reviewing the industry’s major ongoing payments initiatives.

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Global Payments Payment Initiation Payments 28

The Paypers

JULY 31, 2017

(The Paypers) Three local Chinese commercial banks have announced they will join Swift ’s global payments innovation initiative (gpi).

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SWIFT Payment Initiation Payments Global Payments 28

PYMNTS

NOVEMBER 2, 2016

Last September, Ripple publicly questioned the effectiveness of the Global Payments Innovation initiative of payments technology firm SWIFT. In an interview with PYMNTS, SWIFT Head of Payments Initiatives for the Americas and U.K. Region Stacy Rosenthal took a diplomatic stance in response to the criticism.

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The Paypers

JULY 26, 2016

(The Paypers) ICICI Bank and Axis Bank are the first Indian banks to sign up for Swift’s global payments innovation initiative.

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SWIFT Payment Initiation Payments Global Payments 28

PYMNTS

MARCH 16, 2020

Swift had a busy year in 2019, seeing over $77 trillion in cross-border payments with over 3,900 global payment initiative (gpi) members. Around 60 percent of payments were sent using gpi. However, the ultimate deadline for the complete stop of the old Swift MT system will be 2025.

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ISO 20022 ISOs SWIFT Cross-Border Payments 78

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. Using gpi means payments can go through in a matter of seconds, potentially, with better tracking potential.

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Cross-Border SWIFT Cross-Border Payments Payee 77

PYMNTS

MARCH 31, 2020

In a press release, Ripple said it will enable SCB to expand its existing Ripple-powered mobile app, which facilitates global payments for consumers, to its corporate users in an effort to connect small businesses to real-time, cross-border payment capabilities. TrueLayer, ANNA Money Embrace Payments Initiation.

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B2B Payroll Payments Cross-Border Payments 77

PYMNTS

SEPTEMBER 28, 2016

ACI Worldwide, a global provider of real-time electronic payment and banking solutions, and VocaLink, a global payments systems company, announced on Tuesday (Sept. 27) a partnership to launch a domestic or regional immediate payments network.

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Payment Networks Real Time Payments Faster Payments Payments 74

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.

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

PYMNTS

APRIL 29, 2020

In a statement, Transferwise CEO and Co-founder Kristo Käärmann said the partnership moves the ecosystem toward “a new global payments infrastructure for banks around the world,” with a focus on cost optimization and transparency. Surecomp Wields Open Banking For Trade Finance.

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Payment APIs and Integration FinTech Cross-Border Cross-Border Payments 95

PYMNTS

MAY 1, 2018

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and are embracing real-time payments initiatives.

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API Faster Payments Real Time Payments Payments 71

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. The expanded APIs align with the European open banking and PSD2 requirements that became effective in September.

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API International Payments Payment APIs and Integration Cross-Border 51

The Fintech Times

MARCH 29, 2024

La Banque Postale has joined forces with JCB , the Japan-based card issuer and acquirer and global payments brand, in an effort to facilitate payment transactions for JCB cardmembers throughout France. By partnering with La Banque Postale , JCB can now offer a range of benefits to its card members.

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ATM Card Issuer International Payments Payment Initiation 64

PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . Enter the new PYMNTS.com B2B API Tracker™.

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B2B Same Day ACH API ACH Network 76

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service.

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SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

PYMNTS

NOVEMBER 2, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. To download the November edition of the PYMNTS.com Faster Payments Tracker™ , click the button below.

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Faster Payments Same Day ACH NACHA Payments 74

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.

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Cross-Border Payments Cross-Border B2B SWIFT 41

PYMNTS

AUGUST 13, 2019

Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. Facebook, meanwhile, announced its forthcoming cryptocurrency, Libra , which some observers expect could be used as a global currency, thus potentially removing the need for foreign exchange.

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PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments.

Cross-Border Payments 56

Cross-Border Payments Payment APIs and Integration Cross-Border Small Business 56

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. The evolution of blockchain-based services. Collaboration between FinTechs and banks.

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B2B Cross-Border Blockchain Small Business 73

PYMNTS

NOVEMBER 4, 2016

Cross-border payments company Earthport can now fulfill cross-border payments initiated in India. 3) said the FinTech company received approval from the Reserve Bank of India to provide outbound international payment services to banks in the country. Reports Thursday (Nov.

Cross-Border Payments 69

Cross-Border Payments Cross-Border International Payments Payments 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. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

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

PYMNTS

JANUARY 4, 2019

Verdict also noted that the service is the first Automated Clearing House (ACH) under the central bank’s National Retail Payment System. Like other instant payment initiatives, the goal is to spur the adoption of electronic payments.

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Instant Payments Funds Transfer Online and Mobile Banking Payments 67

The Paypers

AUGUST 13, 2020

AscendantFX Capital have become members of the SWIFT network, and more specifically the Global Payment Initiative.

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PYMNTS

OCTOBER 22, 2018

SWIFT said in the press release that Payment Controls is an important way to protect firms as the frequency and speed of payments increases. The service boosts SWIFT’s global payments initiative, otherwise known as gpi, which is a new standard that improves cross board payments.

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SWIFT Payments Real Time Payments Crime 49

PYMNTS

JANUARY 2, 2019

Visa eyed cross-border corporate payments and value-added financial services for corporates, and Mastercard tackled friction in buyer-supplier connectivity within the supply chain. American Express, meanwhile, staked its bets on blockchain with its B2B payments initiatives this year.

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B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75