(source: en.wikipedia.org)
The Banking Payment Obligation (BPO) — the electronic document designed to replace the paper-document Letter of Credit — is steadily gaining ground among banks and...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically...
With an ever-increasing list of Know Your Customer regulations for banks doing international funds transfers, financial messaging network SWIFT is developing a new report to...
Forty percent of Fortune 500 companies are already connected to SWIFT, the global financial-messaging network. That’s according to Gottfried Liebbrandt, CEO of Brussels-based SWIFT, at...
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions, the organization said...
If adopting the ISO 20022 universal financial messaging system for B2B payments is a chicken-and-egg problem, SEPA seems to have cracked it in Europe. Messaging...
British prime minister David Cameron is urging EU nations to cut off Russian banks from the SWIFT financial messaging network, in order to put pressure...