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. The initiative follows a collaboration between SWIFT and R3 that was announced in January, reports noted.

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PYMNTS

MAY 2, 2019

SWIFT is expanding its network-wide payments validation toolkit, announcing Thursday (May 2) a new “in-flight” cloud-based payment investigation and resolution service. In a press release, SWIFT said the new feature allows for dynamic query handling between banks on the SWIFT network.

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PYMNTS

APRIL 23, 2018

Payments messaging company SWIFT is hoping to launch real-time payments services in the Asia Pacific region, according to Verdict reports on Friday (April 20). SWIFT gpi , launched last year, provides financial institutions with infrastructure to facilitate transparent, faster cross-border payments.

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Fintech Finance

MAY 14, 2024

Accessible through Banking Circle’s SWIFT membership as a plug and play solution means the development and administrative costs and timelines usually linked to direct participation with the clearing houses (ACH) or cumbersome sponsor bank integration can be eliminated.

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PYMNTS

JANUARY 13, 2017

Financial messaging firm SWIFT made its first public embrace of blockchain technology last year with a whitepaper exploring the use of the technology for smart contracts. 12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks.

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PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ”

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PYMNTS

MARCH 28, 2016

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. Reports said Friday (March 25) that the company has signed a memorandum of understanding (MOU) that sees SWIFT aiding CIPS in its development.

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The Fintech Times

MAY 9, 2024

Support for broader adoption follows strong international advocacy for the use of the LEI in ISO 20022 payment messages to facilitate key cross-border payment use cases and to fight global financial crime. The post GLEIF Approves BNP Paribas as Latest Validation Agent in Global LEI System appeared first on The Fintech Times.

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PYMNTS

DECEMBER 13, 2018

Separately, a number of retailers, among them giants Target and Walmart, have requested that the Federal Reserve create a real-time interbank settlement system. The Fed, of course, has been eyeing the creation of a faster payments system, and yet there may be some challenges afoot, noted The Wall Street Journal.

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PYMNTS

SEPTEMBER 19, 2016

Reuters had previously reported last week that such a task force would form following the $81 million bank heist from Bangladesh Bank , a crime that infiltrated the SWIFT payments messaging network. Coeure also serves on the board of the European Central Bank, according to reports.

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PYMNTS

OCTOBER 17, 2018

Businesses can also integrate a digital button on their own website to facilitate payment acceptance using the Sberbank Business Online platform. The B2B payments platform is designed to accelerate payments between legal entities. Sberbank has been working with Yandex for several years to develop a range of solutions.

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PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments .

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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.

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PYMNTS

NOVEMBER 19, 2019

Such concerns about external threats — and balancing acts focused on minimal friction — are especially urgent when it comes to faster payments, he said. In addition, SWIFT gpi represents a significant upgrade in transparency and how banks communicate with one another, he said.

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PYMNTS

JANUARY 26, 2017

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. Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said.

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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.

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PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. In an announcement on its website, SWIFT said that, beginning Nov.

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PYMNTS

NOVEMBER 30, 2018

SWIFT , a payment messaging firm based in Belgium, began implementing its SWIFTNet Instant service for the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service on Friday (November 30), when the first banks using it went live, according to a report by the company.

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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.

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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 ).

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Fintech Labs Insights

OCTOBER 16, 2016

Organized by SWIFT, Sibos is considered to be the world’s premier financial services event covering areas such as payments, securities, cash management, and trade. Interestingly, Ripple recently hired former SWIFT board member. Sibos 2016 Celebrates the Blockchain. So what was big at Sibos 2016 this year?

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PYMNTS

DECEMBER 17, 2019

And that brings us to the world of global payment rails, the subject of a recent PYMNTS discussion featuring Karen Webster and Steve Kirsch, CEO of M10 , an affiliate company of Token.io M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances.

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