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)

SWIFT: The Road To ISO 20022 Adoption
SWIFT: The Road To ISO 20022 Adoption
February 26, 2020  |  Innovation

PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in...

READ MORE >
New Corporate Payment Tricks For Old Rails
New Corporate Payment Tricks For Old Rails
February 25, 2020  |  B2B Payments

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails....

READ MORE >
SWIFT gpi Transferred Over $77T In 2019
SWIFT gpi Transferred Over $77T In 2019
February 11, 2020  |  Global Payments

Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018,...

READ MORE >
Law Enforcement Cracks Down On Corporate Payments Fraud
Law Enforcement Cracks Down On Corporate Payments Fraud
December 23, 2019  |  B2B Payments

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry, directly to corporates. The initiative enables 2,000 corporate...

READ MORE >
Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks
Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise...
December 16, 2019  |  News

In today’s top news in payments, the U.S. Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa...

READ MORE >
SWIFT Expands Global KYC For Corporates
SWIFT Expands Global KYC For Corporates
December 16, 2019  |  Security & Fraud

SWIFT is launching its global Know Your Customer (KYC) registry to more corporate groups, SWIFT announced in a press release on Monday (Dec. 16). The...

READ MORE >
Ripple Accused Of Making False Claims About SWIFT’s Error Rate
Ripple Accused Of Making False Claims About SWIFT’s Error Rate
November 05, 2019  |  B2B Payments

San Francisco-based blockchain FinTech Ripple is being questioned about its claims that rival cross-border payments firm SWIFT has a 6 percent error rate, AMBCrypto reported...

READ MORE >
B2B Cross-Border Payments Are Speeding Up
B2B Cross-Border Payments Are Speeding Up
October 24, 2019  |  Payment Methods

Cross-border payments still present challenges, but the landscape is changing rapidly.  Swift recently announced that its gpi service can integrate with domestic real-time systems to...

READ MORE >