Payments News

On The Web

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Companies

Oracle and SWIFT Deliver Fast, Frictionless Cross-Border Payments for Small and Mid-Sized Companies – Bobsguide

“Oracle Banking Payments is supporting SWIFT’s latest service to make global cross-border payments fast, easy, predictable, and frictionless for small and medium enterprises (SME) and consumer markets…As banks are managing their ISO 20022 migrations and implementing new services within the gpi program, Oracle aims to lower the total cost of ownership and ease customers’ transition […]
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Companies

SWIFT Sets up JV With China’s Central Bank

“SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, a move some see as a sign that China wants to explore global use of its planned digital yuan. Other shareholders of the Beijing-based venture include China’s […]

On The Wires

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Companies

Bottomline Launches Global First With Payments Tracker Using SWIFT’s API

“Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the latest API-based payments tracking service for banks worldwide, integrating SWIFT gpi data. The gpi data is captured on behalf of Bottomline clients and is integrated into their payments workflow, which simplifies and unifies the API access […]
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Companies

Global Banks Preparing to Leverage SWIFT’s New Platform for International Payments Flows

“Bank of China, Bank of New York Mellon, BNP Paribas, Citi, Deutsche Bank, and Standard Chartered confirmed their preparations for the platform as the co-operative detailed an ambitious roadmap it will roll out over the next 18 months. New features – including upfront validation of beneficiary details, central management of exceptions, extension of SWIFT’s high-speed […]
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Companies

Citi Service Insights Launches on CitiDirect BE®

“Citi Treasury and Trade Solutions (TTS) launches Citi Service Insights (CSI) with SWIFT gpi Case Resolution integration. This new digital service provides clients with a centralized view to manage or close all their service inquiries globally and also allows clients to open several types of inquiries digitally. Previously, this was done through a combination of […]
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Companies

SWIFT and ICC Collaborate to Drive Sustainability in Trade Finance | SWIFT – The Global Provider of Secure Financial Messaging Services

“SWIFT’s KYC Registry will become the first global utility to integrate the International Chamber of Commerce’s (ICC) Sustainable Trade Finance Guidelines, making it easier for financial institutions to identify environmental, social and governance (ESG) risks in their supply chains. By integrating the ICC’s Sustainable Trade Finance Guidelines into the KYC Registry , which has more […]
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Companies

BofA Launches Cross-Border Payment Tracker, Expands SWIFT gpi Support to 140+ Currencies

“Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro® self-service tool that allows clients to have real-time visibility into their international payments. Accessible through the bank’s integrated platform, CashPro , the SWIFT gpi module brings to life a wealth of cross-border payment data facilitated by […]
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Companies

Delivering Instant, Frictionless Payments and Securities Processing

“Over the next two years and beyond, we will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by our Board.  This strategy will enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions. We will expand beyond financial messaging to provide comprehensive transaction management services. […]