International Payments, Payment Message and SWIFT

Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network. For more information on how to connect to Nium via Swift, visit here.

Real Time Payments

Real Time Payments SWIFT Payment Networks Cross-Border Payments

SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

ISO 20022

ISO 20022 ISOs SWIFT Cross-Border

Bulgarian Fibank Joins SWIFT gpi

PYMNTS

OCTOBER 7, 2019

First Investment Bank ( Fibank ) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT data shows that about 36 percent of gpi transfers reach their destination within 5 minutes. Fibank lets its customers make international transfers in over 110 currencies.

SWIFT

SWIFT International Payments Correspondent Payment Message

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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Venezuela Considers Russian Payments System As SWIFT Alternative

PYMNTS

JULY 16, 2019

Sources have revealed that Venezuela might use a Russian-operated international payments messaging system in an effort to get around U.S. Bloomberg reported that press officials for the Venezuelan and Russian central banks didn’t immediately comment, while SWIFT declined to comment.

SWIFT

SWIFT OFAC Central Bank Treasury

SWIFT Enters China’s X-Border Payments Efforts

PYMNTS

MARCH 28, 2016

and fees associated with payments using CIPS are unclear. This makes China’s international payments play a bit unconvincing to some. But payments messaging service SWIFT has been brought on by China to help strengthen CIPS’ capabilities. China International Payment Service Corp.

SWIFT

SWIFT Cross-Border Cross-Border Payments Payments

Instant Payments Gain Ground With SEPA, SWIFT

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

Instant Payments ISO 20022 SWIFT ISOs

Hackers beat a Russian bank out of USD 6 mln in an attack using SWIFT

The Paypers

FEBRUARY 16, 2018

(The Paypers) Unknown hackers have stolen USD 6 million from a Russian bank in 2017 in an attack using the SWIFT international payments messaging system.

SWIFT

SWIFT Payment Message International Payments Payments

Hackers beat a Russian bank out of USD 6 mln n an attack using SWIFT

The Paypers

FEBRUARY 16, 2018

(The Paypers) Unknown hackers have stolen USD 6 million from a Russian bank in 2017 in an attack using the SWIFT international payments messaging system.

SWIFT

SWIFT Payment Message International Payments Payments

Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines

PYMNTS

AUGUST 9, 2018

Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung in nature. That latter solution lets users access multiple instant payment systems across Europe via single access point, leveraging existing SWIFT infrastructure.

Cross-Border

Cross-Border SWIFT Blockchain Cross-Border Payments

Peru Taps Vocalink In Payments System Overhaul

PYMNTS

DECEMBER 13, 2018

Separately, SWIFT said this past week that it has launched a pilot program that focuses on an integrated gpi payments service that quickly identifies and eliminates payment message errors. SWIFT has said it is working with 14 banks globally.

Payment APIs and Integration

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments

Smarter Payments Tracker Eyes Interoperability

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

Interoperability

Interoperability ISO 20022 Cross-Border Correspondent Bank

Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

AUGUST 16, 2019

Financial institutions are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to instant P2P payments and such products in other sectors. Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments.

Cross-Border Payments

Cross-Border Payments Cross-Border ISO 20022 ISOs

DBS Enables Real-Time Payments Tracking For SMBs

PYMNTS

APRIL 23, 2018

The bank is using SWIFT’s gpi service , and is also reportedly in discussions with the payments messaging company to join a consortium to develop a real-time payments solution for cross-border transactions in the Asia Pacific region.

Real Time Payments

Real Time Payments Cross-Border Payments Cross-Border SWIFT

Addressing the Silent Crisis of Failed Payments

Fintech News

DECEMBER 10, 2023

This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks. The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain.

Addressing

Addressing Fraud Prevention Financial Inclusion Payments

How Will the Cross-Border Payments Space Evolve in 2024? With Swift, OpenPayd, Chargebee and More

The Fintech Times

FEBRUARY 21, 2024

Practical improvements await Rachel Levi, global head of innovation engineering, SWIFT Rachel Levi , global head of innovation engineering, Swift , the cross-border payments provider, notes how the company and ecosystem are working to make practical improvements to international payment speed.

Cross-Border Payments

Cross-Border Payments Cross-Border ISO 20022 SWIFT

SWIFT Loops gpi Into Existing Rails For Global Payments

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

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

The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. More precise payment information could also facilitate quick, straight-through processing. . Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s

ISO 20022

ISO 20022 ISOs Interoperability Message Standards

Amex Inadvertently Confirms Ripple Blockchain Platform Plans

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

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

Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

SWIFT Readies ISO 20022 For X-Border Payments

Bulgarian Fibank Joins SWIFT gpi

Webinars

Venezuela Considers Russian Payments System As SWIFT Alternative

SWIFT Enters China’s X-Border Payments Efforts

Instant Payments Gain Ground With SEPA, SWIFT

Hackers beat a Russian bank out of USD 6 mln in an attack using SWIFT

Hackers beat a Russian bank out of USD 6 mln n an attack using SWIFT

Cross-Border Grabs Spotlight Amid SWIFT, Blockchain Headlines

Peru Taps Vocalink In Payments System Overhaul

Smarter Payments Tracker Eyes Interoperability

Global Cross-Border Payments Expected To Grow, But Challenges Remain

DBS Enables Real-Time Payments Tracking For SMBs

Addressing the Silent Crisis of Failed Payments

How Will the Cross-Border Payments Space Evolve in 2024? With Swift, OpenPayd, Chargebee and More

SWIFT Loops gpi Into Existing Rails For Global Payments

The Challenges And Benefits Of ISO 20022 Migration

Amex Inadvertently Confirms Ripple Blockchain Platform Plans

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