Moving Money X-Border In The Age Of ‘Business As Unusual’
PYMNTS
APRIL 8, 2020
The time available to fix SWIFT messages is two days; the time to fix real-time gross settlement (RTGS) payments is the daily cutoff; to fix faster payments is two hours; and instant payments a scant two minutes. Add it all up, said Kilcoyne and Brandli, and the industry spends 21 billion euros ($22.9
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