PYMNTS-MonitorEdge-May-2024

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

Australia Payments Plus Picks Swift to Battle Payments Fraud
Australia Payments Plus Picks Swift to Battle Payments Fraud
March 19, 2024  |  Security & Fraud

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost...

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ISO 20022 Migration Faces Fragmentation, Deadline Pressures as Rollout Accelerates
ISO 20022 Migration Faces Fragmentation, Deadline Pressures as Rollout Accelerates
March 19, 2024  |  B2B Payments

ISO 20022 migration is increasingly top of mind for the world’s payments players. That’s because the open global standard for financial messaging is fast approaching...

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Numeral Expands Payment Infrastructure to Include Support for Swift
Numeral Expands Payment Infrastructure to Include Support for Swift
February 22, 2024  |  Cross-border Payments

Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost...

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ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
January 22, 2024  |  Cross Border Commerce

The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any...

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Swift Completes Successful Test of Global Trade Interoperability Solution
Swift Completes Successful Test of Global Trade Interoperability Solution
December 11, 2023  |  Cross Border Commerce

Swift has successfully tested a global trade interoperability solution in collaboration with BNY Mellon, Deutsche Bank and four electronic bills of lading (eBL) platforms. This solution has the...

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Swift Launches Cross-Border Instant Payments
Swift Launches Cross-Border Instant Payments
November 30, 2023  |  Cross-border Payments

Global messaging platform Swift says cross-border payments to Europe can reach their destination in seconds. That’s due to this week’s launch of the European Payment...

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Statrys Adds SWIFT Payment Tracking to Financial Platform
Statrys Adds SWIFT Payment Tracking to Financial Platform
November 15, 2023  |  Cross Border Commerce

Statrys, a financial platform for corporates and business owners, has introduced its SWIFT Payment Tracking feature to enhance global business transactions. This tool allows real-time...

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Private Sector and Messaging Standards Target Cross-Border Interoperability Challenges
Private Sector and Messaging Standards Target Cross-Border Interoperability Challenges
October 30, 2023  |  Cross-border Payments

As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential...

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Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
Fiserv Expands Partnership With Swift to Enhance Cross-Border Payments
October 04, 2023  |  Partnerships

Fiserv has expanded its longstanding partnership with Swift to improve the speed and visibility of cross-border payments. The global provider of payments and financial services technology...

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