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

Alipay In X-Border Blockchain Pact
Alipay In X-Border Blockchain Pact
January 10, 2019  |  B2B Payments

Blockchain grabbed some headlines this past week as DLT helped foster new cross border payment initiatives, notably from Alipay and Ripple.  Elsewhere, Faster Payments gains...

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Will Ripple’s Cross-Border Ambitions Sink Or Swim?
Will Ripple’s Cross-Border Ambitions Sink Or Swim?
January 09, 2019  |  B2B Payments

Ripple has seen more than 200 banks sign on to its blockchain powered cross border payment efforts. Progress?  Sure, but perhaps a sea change is...

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National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service
National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service
January 02, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes The National Bank of Kuwait’s rollout of SWIFT Global...

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Faster Payments For Corporates Begin To Simmer
Faster Payments For Corporates Begin To Simmer
December 27, 2018  |  B2B Payments

With the payments acceleration trend of recent years promising disruption in peer-to-peer (P2P) payments, these initiatives were viewed only in the context of consumer payments...

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Russian Bank Throttles Visa, Mastercard Post Sanctions
Russian Bank Throttles Visa, Mastercard Post Sanctions
December 20, 2018  |  International

Promsvyazbank, the Russian state bank that was hit by sanctions by the U.S., has lowered its security deposits that go to Visa and Mastercard, reported...

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gpi Makes SWIFT Cross-Border Gains
gpi Makes SWIFT Cross-Border Gains
December 20, 2018  |  B2B Payments

SWIFT has noted that gpi payments make up more than half of its cross-border traffic. The Fed sees marquee tech names pushing for faster payments,...

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SWIFT gpi Used For More Than Half Of Cross-Border Traffic
SWIFT gpi Used For More Than Half Of Cross-Border Traffic
December 18, 2018  |  Faster Payments

SWIFT said Tuesday (December 18) that its SWIFT gpi payment service is being used for more than half of SWIFT’s cross-border traffic. In a press release,...

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Cross-Border Payments Need More Than Bank-FinTech Collaboration
Cross-Border Payments Need More Than Bank-FinTech Collaboration
December 14, 2018  |  B2B Payments

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018,...

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Peru Taps Vocalink In Payments System Overhaul
Peru Taps Vocalink In Payments System Overhaul
December 13, 2018  |  B2B Payments

Real-time payments is a goal in Peru, as the automated clearing house there links with Vocalink. Retailers want real-time transactions, too, and SWIFT continues to broaden...

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