Five news stories.
• Should Swift be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Swift be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
The National Bank of Ukraine (NBU) has called on Visa and Mastercard to stop servicing payments cards issued by Russian banks following the Russian invasion of Ukraine... More
Ensuring that central bank digital currencies (CBDCs) are interoperable and integrated with existing payment infrastructures are among the key requirements for their successful implementation in cross border transactions, according to a joint paper published by Swift and Accenture... More
Public transportation users in the West Midlands will be able to use a new ‘tap and cap’ smart ticketing platform to make contactless payments for their journeys across the UK region’s entire rail, bus and tram network by 2022, according to plans revealed by Transport for West Midlands (TfWM)... More
Swift has published a new open banking API standard that “allows a payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured”... More
Swift publishes new ‘Pay Later’ API standard — Swift — “By selecting Pay Later at the point of purchase, customers are provided with available loans from their banks; they can then select and initiate a loan, knowing that the funds can immediately be credited to the merchants and items dispatched. By offering the Pay Later option, merchants are in turn able to offer a wider variety of purchase options and to reach a wider consumer audience, whilst still ensuring surety of payment.”