Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. As payments wind their way across the globe, senders and receivers watch the proverbial game of telephone. Messages are lost, fees are layered on, tracking...
It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week of the Outlook 2030 event centered on how platform and network models are impacting...
For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as executives realize the keys to their kingdom are often buried in the back office. Businesses are re-evaluating the nature of...
By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and then some, according to a Thursday (Oct. 17) press release. Ninety percent of the cross-border payments made on its network...
October 21, 2024
Cross-border payments are an integral part of the engines that keep economies worldwide going, but they get a bum rap. As payments wind their way across the globe, senders and receivers watch the proverbial game of telephone. Messages are lost, fees are layered on, tracking things can be hard — and often the “net” amount […]
October 16, 2024
As with any app, any payment, any interaction where money’s being sent and received, first impressions matter. Even for cross-border payments, where the customer-facing experience needs to be marked by...
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...
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...
November 05, 2024
Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management and Chainlink — would allow digital asset transactions to settle with fiat payment systems across more than 11,500 financial institutions, in more than 200 countries and territories, Swift said Tuesday […]
October 17, 2024
By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and then some, according to a...
October 16, 2024
With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this service to the payments sector...
October 03, 2024
Swift wants to let banks test tokenized transactions on its global messaging network. Beginning next year, financial institutions (FIs) will be able to carry out pilot transactions for settling digital...
