CCN on MSN

Goodbye MT Format—SWIFT Retires Legacy Payments in Favor of Blockchain-Friendly ISO 20022

SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, ...
CCN on MSN

SWIFT’s ISO 20022 Migration Is Here: Ripple’s XRPL vs Stellar Network — Can XRP or XLM Thrive in the New Payments Era?

ISO 20022 standardizes how financial data is exchanged; it does not certify cryptocurrencies. Ripple and Stellar are ...
Finextra

SWIFT GPI vs Ripple Payments

Can SWIFT GPI act as a saviour to correspondent banking which is facing extinction due to disruptive Blockchain payments- RippleNet? Both systems have its pros and ...
Cryptopolitan on MSN

Citi and Swift complete trial for fast fiat-to-digital payments

Citi and Swift complete a Singapore trial showing synchronized fiat-digital settlement through PvP, using Swift rails and blockchain tools.
American Banker

Swift launches GPI payments service for corporations

Swift is building out its Global Payments Innovation (GPI) service to allow corporations to initiate and track payments across all of their banking partners from a single source. The new service by ...
American Banker

Swift tests faster payments for consumers, small businesses

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and ...
Crowdfund Insider

Citi Announces Completion of Fiat to Digital Currency Payment Settlement Workflow Trial with Swift

Citi (NYSE: C) and Swift announced a trial that seemingly confirms the feasibility of settling payments between fiat and ...
Yahoo Finance

Swift to Set New Rules for Retail Cross-Border Payments on Its Network in Bold Move to Further Ramp up Speed and Predictability

Over 30 banks have committed to kickstarting the framework and will work with Swift to evolve the interbank model to ensure a best-in-class experience Initiative marks Swift’s latest strategic step to ...
Nasdaq

IBM Payments Center Joins Swift Partner Programme Creating New Collaboration Opportunities with Swift Members

ARMONK, N.Y., Sept. 18, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced that the IBM Payments Center joined the Swift Partner Programme. The IBM Payments Center® is a comprehensive ...