Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1 payment systems to process high-value and urgent payments, Commerzbank said in a Thursday (April 4)...
Swift has released the results of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution. The findings suggest that Swift’s connector could enable financial institutions to carry out a wide range of transactions using CBDCs and other digital...
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 defenses against payment fraud, the global payments network announced Tuesday (March 19) in a news release emailed to PYMNTS. AP+...
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 several different and staggered industry timelines and compliance deadlines for varying market infrastructures around the globe, including a new November...
July 17, 2023
When it comes to embracing new ways of doing things in payments — adopting standards, fostering new use cases — boring is good. Boring implies there have been no hiccups with the interplay between businesses and financial institutions (FIs). No surprises on the way to building resilient new systems that get the current payment landscape, […]
October 12, 2022
Cross-border B2B transactions — done in real time — are on the cusp of being as simple as domestic real-time payments (RTP). Russ Waterhouse, executive vice president for product development...
October 05, 2022
In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if they are to revolutionize the...
April 08, 2020
Making cross-border payments work — across currencies and across time zones — is no easy task. The challenges are myriad, marked by (to name just a few) legacy systems; new...
April 29, 2024
Banking platform Veritran has launched a partnership with financial messaging service Swift. The collaboration, announced Monday (April 29), is designed to help financial institutions to offer customers enhanced and streamlined cross-border payments. “Collaborations such as this are improving the experience for those sending payments cross-border, while also increasing transparency and security to improve the ecosystem as a whole,” Juan Carlos […]
April 04, 2024
Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1...
March 25, 2024
Swift has released the results of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution. The findings suggest that Swift’s connector could enable...
March 19, 2024
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 defenses against payment fraud, the...
