PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

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

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. More than 110 banks from Europe, Asia Pacific, Africa and the Americas are part of the SWIFT gpi, which has been in a pilot stage. and Australia’s NPP.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022 40

ISO 20022 ISOs SWIFT Message Standards 40

PYMNTS

OCTOBER 17, 2018

New Payments Platform (NPP) Australia , the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. Reports in the Australian Financial Review ( AFR ) on Wednesday (Oct.

API 59

API Payment APIs and Integration Overlay Service Real Time Payments 59

PYMNTS

SEPTEMBER 11, 2019

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. How Cross-Border Payments Are Made. Last week, SWIFT launched a new API standard for the pre-authorization of funds.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

Fintech News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages.

Addressing 120

Addressing Fraud Prevention Financial Inclusion Payments 120

PYMNTS

JANUARY 26, 2017

Interoperability and integration of the buyer and sellers’ data is therefore essential. According to Finlync, connecting all of the data within an ERP via blockchain can make business processes like payments far quicker than they are today. Finlync told PYMNTS that, in B2B payments especially, fraud is on the rise.

Blockchain 57

Blockchain Cross-Border Payments Cross-Border B2B 57

PYMNTS

NOVEMBER 19, 2019

He cited other risk-reduction programs that cut across the banking ecosystem including SWIFT’s customer security program, which mandates that every institution, including corporates, connected to the payment messaging system have a minimum set of controls — and participants need to attest the controls that are in place.

Fraud Prevention 40

Fraud Prevention Treasury Interoperability Cross-Border 40

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. Interoperability And Adoption . ISO 20022 is becoming more prominent, but many FIs must adopt it before its interoperability can be fully realized.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. in its faster payments initiatives. “It

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40