SWIFT

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.

Source: en.wikipedia.org

Citi and Bank of Shanghai Team on International Travel Payments
Citi and Bank of Shanghai Team on International Travel Payments
November 13, 2024  |  Travel Payments

Citi and the Bank of Shanghai have teamed to streamline payments for visitors to China. The payments solution announced by the two banks Wednesday (Nov. 13) is designed for the...

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Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
November 05, 2024  |  Payment Methods

Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management...

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Cross-Border Payments 2.0: Faster, Cheaper and More Transparent
Cross-Border Payments 2.0: Faster, Cheaper and More Transparent
October 21, 2024  |  Cross-border Payments

Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. As payments wind their way...

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Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
October 18, 2024  |  B2B Payments

It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B...

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This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
October 17, 2024  |  B2B Payments

For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as...

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Swift Says It Beat G20 Cross-Border Payments Speed Target by 15%
Swift Says It Beat G20 Cross-Border Payments Speed Target by 15%
October 17, 2024  |  Cross-border Payments

By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and...

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Swift Adds New Tools to AI Fraud Prevention Offerings
Swift Adds New Tools to AI Fraud Prevention Offerings
October 16, 2024  |  Fraud Prevention

With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this...

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Cross-Border Payments Hope to Find Their Footing in Proof of Value Experiment
Cross-Border Payments Hope to Find Their Footing in Proof of Value Experiment
October 16, 2024  |  Cross-border Payments

As with any app, any payment, any interaction where money’s being sent and received, first impressions matter. Even for cross-border payments, where the customer-facing experience...

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Visa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
Visa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
October 04, 2024  |  Blockchain

In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed...

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