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

Blockchain Makes Headway Over Legacy X-Border Rails
Blockchain Makes Headway Over Legacy X-Border Rails
July 09, 2020  |  B2B Payments

There’s no single path to payments infrastructure innovation. This week’s examination of the latest initiatives to target B2B payments friction from the ground up finds...

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OpenPayd Loops Into SEPA For Corporate Payments
OpenPayd Loops Into SEPA For Corporate Payments
April 15, 2020  |  B2B Payments

With direct access to the SEPA (Single Euro Payments Area) payment program, OpenPayd has bolstered its payments functions, according to reports. Business clients of the...

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FinTechs Take On Payment Rail Status Quo
FinTechs Take On Payment Rail Status Quo
April 09, 2020  |  B2B Payments

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...

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Moving Money X-Border In The Age Of ‘Business As Unusual’
Moving Money X-Border In The Age Of ‘Business As Unusual’
April 08, 2020  |  Cross-border Payments

Making cross-border payments work — across currencies and across time zones — is no easy task. The challenges are myriad, marked by (to name just...

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SWIFT Delays X-Border Payments Migration To ISO 20022
SWIFT Delays X-Border Payments Migration To ISO 20022
March 16, 2020  |  B2B Payments

Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected...

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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...

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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....

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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,...

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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...

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