Payments Source

APRIL 4, 2019

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Cross-Border 62

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

Payments Source

FEBRUARY 27, 2018

The network says more than $100 billion in Swift GPI payment messages are sent daily, enabling payments to be credited to the end beneficiaries within minutes — and some within seconds.

Cross-Border Payments 65

Cross-Border Payments SWIFT Cross-Border Payment Message 65

Payments Source

SEPTEMBER 11, 2018

The Society for Worldwide Interbank Financial Telecommunication says a pre-validation system it will launch soon to catch payment message mistakes prior to dispatch should increase the number of payments reaching beneficiaries in less than 30 seconds.

SWIFT 62

SWIFT Payment Message Payments Faster Payments 62

PYMNTS

JANUARY 24, 2019

Payments messaging company SWIFT is expanding its gpi for Corporates (g4C) initiative, adding treasury management technology company BELLIN to its roster of early adopters of the tool. In a press release issued Wednesday (Jan. In a press release issued Wednesday (Jan.

SWIFT 57

SWIFT Treasury Management Payment Message Cross-Border 57

Payments Source

JUNE 15, 2017

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

Instant Payments 60

Instant Payments SWIFT Payment Message Faster Payments 60

Fintech Finance

MAY 13, 2024

ISO 20022 is a universal financial industry messaging standard that can carry a considerable amount of information and is based on a common data dictionary that can support payment message flows between financial institutions, their clients, and domestic and international market infrastructures.

ISO 20022 52

ISO 20022 ISOs FedWire Fed 52

The Fintech Times

AUGUST 8, 2024

We are in a unique position to bring industry groups together to create a solution that will help everyone reduce mistaken payments and combat scams and frauds.”

Payee 59

Payee SWIFT Scams Payment APIs and Integration 59

Payments Source

DECEMBER 12, 2016

The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated — and it is here to stay.".

SWIFT 60

SWIFT Payment Message Payments Data Security 60

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

Fintech Finance

APRIL 17, 2024

The Real-Time Rail is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the Real-Time Rail exchange component provided by Interac, which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

ISO 20022 52

ISO 20022 Real Time Payments Participant Payment Message 52

The Paypers

SEPTEMBER 16, 2021

BNY Mellon and Citi have collaborated with Verizon to be one of the companies to send request-for-payment messages to consumers who bank with Citi.

Request for Payment 31

Request for Payment Payment Message Consumer Payments 31

PYMNTS

JULY 29, 2020

According to Reuters, the report urges increased use of the Cross-Border Interbank Payment System ( CIPS ) instead of the Belgium-based SWIFT system. In theory, this would help protect China’s global payments data from possible U.S.

ISO 20022 116

ISO 20022 SWIFT Cross-Border ISOs 116

PYMNTS

APRIL 9, 2019

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020.

SWIFT 73

SWIFT ISO 20022 Payment Message Liquidity Management 73

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 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

The Fintech Times

FEBRUARY 21, 2024

Strong market traction stems from the support of key stakeholders advocating for the inclusion of the LEI within ISO 20022 payment messages.

ISO 20022 59

ISO 20022 Legal Non-Bank Accreditation 59

The Fintech Times

MAY 9, 2024

. “This includes cross-border payments , KYC and anti-money laundering (AML), external provider matching, international supply chain relationships, environmental, social and governance ( ESG ) reporting, and digital identity applications.

ISO 20022 69

ISO 20022 Cross-Border Payments Cross-Border Financial Crimes 69

The Fintech Times

MARCH 27, 2024

Mike Walters , CEO of Form3 Mike Walters , CEO of Form3, commented: “The best way to tackle the rise of APP fraud is the use of collaborative intelligence and cutting-edge technologies that allow the real-time identification of scams within the payment message.

Fraud Prevention 59

Fraud Prevention Faster Payments Financial Crimes Crime 59

Fintech Finance

MAY 14, 2024

Leveraging our SWIFT membership for local clearing payment messaging and settlement connections, we are providing our clients with indirect access to SEPA SCT and SEPA Instant. There’s no need to connect directly to a clearing house or hold a central bank settlement account.

IBAN 52

IBAN Payment APIs and Integration Instant Payments SWIFT 52

The Paypers

FEBRUARY 19, 2021

TechQuartier , a Germany-based fintech, has announced an ecosystem partnership with electronic payment messaging system SWIFT.

SWIFT 28

SWIFT Payment Message FinTech Payments 28

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 46

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

Fintech Finance

MARCH 26, 2024

Mike Walters, Form3’s CEO, said: “The best way to tackle the rise of APP fraud is the use of collaborative intelligence and cutting edge technologies that allow the real-time identification of scams within the payment message.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Faster Payments 52

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. Reports in the Financial Times this week highlighted the increasing competition in the market as Ripple continues to add banks to its XCurrent blockchain messaging system.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SWIFT Correspondent Bank 59

PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

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.

SWIFT 43

SWIFT Cross-Border Payments Blockchain Cross-Border 43

The Fintech Times

FEBRUARY 21, 2024

. “Both the Bank for International Settlements’ Committee on Payments and Market Infrastructures’ (CPMI) and the Wolfsberg Group have published reports supporting the inclusion of the LEI within ISO 20022 payment messages.

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

PYMNTS

SEPTEMBER 22, 2020

In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. WeChat users are reportedly racing to get the Chinese mobile payment, messaging and social media program. Plus, digital payment provider Ant Group is looking for a record return as it goes public.

Central Bank 80

Central Bank Cryptocurrency Online and Mobile Banking Digital Currency 80

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 61

Interoperability ISO 20022 Cross-Border ISOs 61

PYMNTS

JANUARY 26, 2021

Citi is accelerating its migration to the ISO 20022 payments messaging standard and has tapped a third-party FinTech to aid in the process. Citi Drives ISO 20022 Adoption With Volante.

ISO 20022 142

ISO 20022 ISOs Payment APIs and Integration Message Standards 142

PYMNTS

FEBRUARY 7, 2018

6), highlighting both the cost of payments processing and the inefficiencies involved in the process due to a lack of transparency and data in payment messaging, especially for small businesses (SMBs). The companies released their report on Tuesday (Feb.

ISO 20022 49

ISO 20022 Process Cross-Border Payments Message Standards 49

PYMNTS

AUGUST 28, 2019

However, while corporate adoption of real-time B2B payments will not happen overnight, he noted that there are other factors beyond back-office upgrades that support a more painless transition. Speaking The Same (Payments) Language. This is particularly true, he said, when supporting faster payment capabilities across borders.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

JANUARY 17, 2017

“Demand for the real-time payments offered by Faster Payments has never been higher, and so, we are delighted to be able to launch this important new resource to help the developers that are making real time a reality for more customers than ever,” stated Faster Payments Head of Development Mike Banyard in a statement.

Faster Payments 43

Faster Payments ISO 8583 ISO 20022 Message Standards 43

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 28

SWIFT Payment Message International Payments Payments 28

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 28

SWIFT Payment Message International Payments Payments 28

PYMNTS

SEPTEMBER 5, 2019

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. The new pre-authorization standard is now available for developers of APIs to adopt and use.

SWIFT 72

SWIFT ISO 20022 Authorization API 72

The Fintech Times

APRIL 18, 2024

The RTR is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the RTR exchange component provided by Interac , which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

Payments 59

Payments Real Time Payments Settlement Economy 59