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

Today In Payments: SWIFT Launches Low-Value X-Border Payments; UK Cracks Down On Late Payments To Suppliers
Today In Payments: SWIFT Launches Low-Value X-Border Payments; UK Cracks Down On Late Payments To...
October 01, 2020  |  News

In today’s top news, SWIFT launched a service for low-value cross-border payments, and the U.K. is considering fining companies that don’t pay suppliers on time....

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Today In Payments Around The World: UK Mulls Rules To Curb Late Vendor Payments; Kakao Pay Gears Up For Public Offering
Today In Payments Around The World: UK Mulls Rules To Curb Late Vendor Payments; Kakao...
October 01, 2020  |  News

In today’s top payments news around the world, the United Kingdom may clamp down on late payments to suppliers, while South Korean FinTech Kakao Pay is...

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SWIFT Launches Service For Low-Value Cross-Border Payments
SWIFT Launches Service For Low-Value Cross-Border Payments
October 01, 2020  |  Cross-border Payments

SWIFT, a global provider of secure financial messaging, announced a new service Thursday (Oct. 1) that promises to improve the experience for small and medium-sized...

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Banks, FinTechs Dive Into New Payment Rails For B2B
Banks, FinTechs Dive Into New Payment Rails For B2B
September 24, 2020  |  B2B Payments

When it comes to payment rails innovation, financial service providers can either improve upon existing infrastructure, or build entirely new rails altogether. This week’s look...

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Today In Digital-First Banking: SWIFT To Retool Platform For RTP; VSoft Rolls Out Bread Merchant Payment Network
Today In Digital-First Banking: SWIFT To Retool Platform For RTP; VSoft Rolls Out Bread Merchant...
September 17, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, SWIFT has announced that its international platform will be updated to let financial institutions (FIs) provide instant transactions,...

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Today In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
Today In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020  |  News

In today’s top news, New York City changed a rule banning restaurant surcharges, and SWIFT announced plans to retool its platform to enable instant transactions....

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Deep Dive: Harnessing Cloud Technology To Accelerate And Secure Real-Time Payments
Deep Dive: Harnessing Cloud Technology To Accelerate And Secure Real-Time Payments
August 28, 2020  |  Payments Innovation

The payments economy is continuously growing and becoming more digital. The global mobile payments market was valued at more than $3.7 trillion in 2019 and...

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Ascendant Joins Up With SWIFT Network For Cross-Border Benefits
Ascendant Joins Up With SWIFT Network For Cross-Border Benefits
August 12, 2020  |  B2B Payments

AscendantFX Capital, which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the...

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Bank Of China Advises Country’s Banks To Avoid SWIFT Messaging
Bank Of China Advises Country’s Banks To Avoid SWIFT Messaging
July 29, 2020  |  International

With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs)...

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