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

RBI Fines 19 Lenders For SWIFT Non-Compliance

RBI Fines 19 Lenders For SWIFT Non-Compliance
RBI Fines 19 Lenders For SWIFT Non-Compliance
March 05, 2019  |  Legal & Regulation

The Reserve Bank of India (RBI), the country’s central banking institution, has fined almost 20 lenders, including the State Bank of India and ICICI Bank,...

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ONPEX Links Wirexend To SWIFT Cross-Border Payments
ONPEX Links Wirexend To SWIFT Cross-Border Payments
March 05, 2019  |  B2B Payments

Multi-currency IBAN account provider ONPEX is collaborating with Canada’s Wirexend to provide multi-currency payment solutions for joint business customers. Get the Full Story Complete the...

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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  |  Exclusive Series

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  |  Real-Time Payments

SWIFT announced Thursday (February 28) that more than $40 trillion has been transferred over its gpi service last year. Get the Full Story Complete the...

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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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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  |  Real-Time 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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