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

SWIFT Sees Record Payments Volume Post-Brexit
SWIFT Sees Record Payments Volume Post-Brexit
July 07, 2016  |  Payment Methods

SWIFT is seeing some strong traffic days, according to new data released by the organization. New data shows that, at the end of June, SWIFT...

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Swift’s Global Payments Initiative Signs 73 New Banks
Swift’s Global Payments Initiative Signs 73 New Banks
June 28, 2016  |  International

As of today, 73 new banks have signed on to Swift’s Global payments initiative. The goal of the project is to expand the payment services...

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A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments
June 16, 2016  |  B2B Payments

The interbank messaging firm SWIFT has had a rough few months. Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the...

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SWIFT May Look To Expel Weakly Secured Banks
SWIFT May Look To Expel Weakly Secured Banks
June 03, 2016  |  Security & Fraud

Faced with what feels like a sudden onslaught of attacks, SWIFT may be looking to pull the plug on member banks with cybersecurity that is...

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SWIFT Examines New Cyberattack Prevention Tech
SWIFT Examines New Cyberattack Prevention Tech
May 31, 2016  |  Security & Fraud

In an effort to improve security, the global interbank messaging system said it would begin discussions with its users about new measures and tools that...

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SWIFT Breach — And Now There Are 12
SWIFT Breach — And Now There Are 12
May 27, 2016  |  Security & Fraud

When it rains, it pours. At least, that’s what SWIFT may be feeling, given the news that investigators are looking into computer breaches that have...

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Sizzle Or Fizzle: Uber, Bitcoin, Botnets, SWIFT – And The Wells Wallets
Sizzle Or Fizzle: Uber, Bitcoin, Botnets, SWIFT – And The Wells Wallets
May 27, 2016  |  Payments Innovation

You want to know what really sizzled this week? The weather in Boston – and it’s about darn time. We’ve even stopped complaining now that...

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SWIFT Preps For Security Program Launch
SWIFT Preps For Security Program Launch
May 25, 2016  |  Security & Fraud

To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a...

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