SWIFT pilots service for low value cross-border payments
by Ben Poole
The move follows last month's announcement it will expand beyond financial messaging to provide transaction management services.
International Bill Payments
Background
The cost of collecting cross-currency payments - setting up currency accounts, FX conversion costs (can be as high as 200 bps or more) and the processing charges - can be 3-5% + of the value of the…
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Surviving ISO 20022 migration – a report and a product
by Jack Large
Deutsche Bank’s report shows what happening and Message Checker could help you survive and prosper?
SWIFT announces a strategy for instant, frictionless payments and securities processing
by Ben Poole
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Turn collecting receivables into a competitive and fun game
by Jack Large
CashTarget from AI platform Sidetrade uses gamification for businesses to improve receivables collection performance
Industry roundup: 1 May 2020
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News in brief featuring Deutsche Bank, BNP Paribas, Ripple, SIA, and many more.
BlueSnap upgrades marketplace payment solution
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The solution lets B2B and B2C firms launch ecommerce marketplaces that include seamless payouts and cross-border payment processing.
CTMcast - 19 March 2020: Review of key recent posts and more on Coronavirus crisis
by Jack Large
Jack and Ben reviewed last week’s stories and the current COVID-19 crisis
SWIFT ISO 20022 adoption for cross-border payments pushed back
by Ben Poole
The original lead migration deadline of November 2021 has been delayed until the end of 2022.
SAP and Goldman Sachs target global payments innovation on Ariba Network
by Ben Poole
The pair aim to make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
Taking the paying out of life and business
by Jack Large
Payment systems disappear as services and ecosystems takeover
SWIFT to host open API hackathon in Africa
by Ben Poole
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
Completing the last leg of the payments journey
by Ben Poole
A report from SWIFT and Aite Group explores the benefits of mandatory confirmation of payment receipt.
Citi platform to simplify cross-border B2B collections
by Ben Poole
Citi Global Collect embeds FX capabilities in the global invoice presentment and payment process.
GoCardless launches global network for recurring payments
by Ben Poole
TransferWise will power the FX capability within the network.
Swift gpi ‘Request-to-pay’ will bring global benefits
by Jack Large
Proof of concept development by banks and corporates in Swift gpi roadmap shows huge potential, but how long will it take to deliver?
Speeding up and reducing cost of executing cross-border payments
by Jack Large
Deutsche Bank joins Interbank Information Network to minimize friction in the ancillary payments processes
Are cryptocurrencies not only the future of money, but increasingly the money of today?
by Jack Large
Increasing global acceptance of cryptocurrencies raises many vital questions
Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
by Jack Large
Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
Swift hails successful cross-border payments integration with FAST
by Graham Buck
The integration of Swift gpi Instant with Singapore’s domestic instant payment service has accelerated payment times
SWIFT gpi service for corporates goes LIVE - now need to scale up
by Jack Large
New service enables multi-banked corporates to initiate and track payments across all their banking partners, but much more to do
Deutsche Bank completes renminbi transaction ‘first’ for tech firm
by Graham Buck
The bank announced its debut RMB foreign debt centralised management transaction under SAFE rules for Delphi Technologies
JP Morgan extends cross-border digital payments to China
by Graham Buck
The new service makes the US giant the first foreign bank in China to digitise and automate cross-border payments of goods
Visa’s B2B Connect platform officially launched
by Graham Buck
The part distributed ledger-based, non-card platform for high-value corporate, cross-border payments has been in development since 2016
Moving to ISO 20022 message standard is HUGE
by Jack Large
Deutsche Bank’s Ultimate guide to ISO 20022 migration on the impacts of standardising on a new payment message format is a must read