All payments news

Standard Chartered completes first Trade Financing Validation Service pilot test

08 September 2022 Singapore
Reporter: Lucy Carter

Accessible through SWIFT’s Application Programming Interface, the service is the first global solution to be available globally across markets

SWIFT applies predictive analytics to reduce processing errors in cross-border transactions

31 August 2022 Belgium
Reporter: Bob Currie

This solution analyses previous payments transactions conducted over the SWIFT network, on an anonymised basis, to identify potential errors in payee details and other trade information that may cause the payment to be processed incorrectly

FIS launches infrastructure for real-time payments

30 August 2022 US
Reporter: Lucy Carter

FIS has launched RealNet Central and Central Bank Digital Currencies (CBDC) Virtual Lab to create an infrastructure for real-time payments

STEP2 completes migration to continuous gross settlement

12 July 2022 France
Reporter: Holly Shelton

STEP2 concludes migration to the new continuous gross settlement, allowing banks across Europe to shorten end-to-end processing timelines for SEPA payments

Celent: The road to ISO 20022 migration

29 June 2022 UK
Reporter: Rebecca Delaney

47 per cent of banks say they strongly agree that technology constraints within the bank limit their ability to do more with their migration to ISO 20022, according to a payments survey by Celent

Vistra granted PSD2 licence by Dutch Capital Bank

16 June 2022 Netherlands
Reporter: Carmella Haswell

The European Payment Service Directive 2 licence will enable Vistra to offer escrow and settlement services globally from the Vistra Netherlands office

EBA CLEARING, SWIFT and TCH launch pilot service for immediate cross-border payments

29 April 2022 France
Reporter: Jenna Lomax

EBA CLEARING, SWIFT and The Clearing House is to launch a pilot service for immediate cross-border payments to improve cross-border payments by utilising the fastest domestic payment options

Volante Technologies and KPMG partner for ISO 20022 and RTP diagnostics

29 March 2022 US
Reporter: Jenna Lomax

Volante Technologies and KPMG have partnered to offer financial institutions ISO 20022 and real-time payments readiness diagnostics

Banco Central do Brasil selects Giesecke+Devrient’s CBDC for payments capabilities

28 March 2022 United Kingdom
Reporter: Jenna Lomax

The Banco Central do Brasil has selected Giesecke+Devrient’s Central Bank Digital Currency solution Filia for its dual offline payment capabilities

Volante Technologies launches ISO 20022 service

16 March 2022 UK
Reporter: Jenna Lomax

Volante Technologies has launched the Volante ISO 20022 Service in an effort to simplify the complexity of ISO 20022 modernisation for financial service firms involved in the processing of payment messages

Globalisation continues to drive higher volume of cross-border payments, finds Volante

03 March 2022 UK
Reporter: Jenna Lomax

In a recent Volante survey, 50 per cent of small European businesses said they now make cross-border payments, and about 85 per cent across segments of all businesses, as globalisation continues to drive a higher volume of cross-border payments

SWIFT blocks some Russian banks in response to Ukraine invasion

01 March 2022 Europe
Reporter: Jenna Lomax

SWIFT has blocked some Russian banks from its international payments system in response to Russia’s invasion of Ukraine

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