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

POS Financing, Etsy And Brexit — The Week In Sizzles And Fizzles
POS Financing, Etsy And Brexit — The Week In Sizzles And Fizzles
March 01, 2019  |  Sizzle/Fizzle

Some things are instant hits — smartphones, television and voice-controlled personal assistants are all good examples of technologies that more or less hit the ground...

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SWIFT Says More Than $40 Trillion Transferred Over gpi
SWIFT Says More Than $40 Trillion Transferred Over gpi
February 28, 2019  |  Faster Payments

SWIFT announced Thursday (February 28) that more than $40 trillion has been transferred over its gpi service last year. In a press release, SWIFT said...

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Citi: Pre-Validation Can Speed Cross-Border Payments
Citi: Pre-Validation Can Speed Cross-Border Payments
February 28, 2019  |  API

Demand for real-time payments is on the rise around the globe, and financial, tech and retail players are angling for a chance to more easily...

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EU Mulls Ways To Speed Up Adoption Of TIPS
EU Mulls Ways To Speed Up Adoption Of TIPS
February 26, 2019  |  Faster Payments

The European Commission is looking at ways to get banks to use its TARGET Instant Payment Settlement (TIPS) system, which is designed to enable people...

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EU Parliament Eyes New Rules On Cross-Border Payment Fees
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019  |  B2B Payments

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone....

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Cross-Border Payment Efforts Grab Funding
Cross-Border Payment Efforts Grab Funding
February 14, 2019  |  B2B Payments

Amid the battle heating up between Ripple and SWIFT over payments infrastructure, SendFriend, a Ripple partner, gets funding for its cross-border payments efforts. Elsewhere, MUFG...

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Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Gig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
February 13, 2019  |  B2B Payments

Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort to facilitate the...

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SWIFT Expands Its Reach By Adding Corporates To KYC Registry
SWIFT Expands Its Reach By Adding Corporates To KYC Registry
February 12, 2019  |  Banking

SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. In a press release, SWIFT said that...

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