NACHA - Faster Payments Playbook
One of the hottest topics in the payments industry today is faster payments. Consumers want a seamless payment experience, a mix of fintechs and…
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Legal Entity Identifier (LEI) and Global LEI System
The ISO 17442 standard defines the Legal Entity Identifier (LEI) . It is a unique 20-character alphanumeric code assigned to all entities that …
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ISO 9362 - Business Identifier Code
ISO 9362 Business Identifier Code Overview Business Identifier Code (BIC) BIC is the International Standard ISO 9362:2014. Thi…
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How the SWIFT System Works
Transferring money overseas? You can walk into a bank or just submit an online transfer request. Ever wondered how does this happen? …
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SWIFT publishes API standards on Open Banking
Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open…
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Pre-validation of gpi payments - SWIFTgpi
90% of cross-border payments sent via SWIFTgpi are processed end to end in less than 24 hours, and many in just minutes. 10% of exceptions lead…
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New Payments Platform (NPP) - Australia
The Platform The NPP is a payments infrastructure that enables Australian consumers, businesses and government agencies to make real-time, data-ri…
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