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.

By joining the Swift Partner Programme, the IBM Payments Center creates new opportunities to collaborate with all Swift members, including more than 11,000 banking institutions in over 200 countries.

Swift this week launched collaborations with Visa and digital payment company Wise, with both companies using Swift to add speed and visibility to cross-border payments.

SWIFT developed the Payment Pre-validation service in close cooperation with financial institutions, and a number of major global banks have already signalled their commitment to the service.

SWIFT today announced the go-live of a service that will enable banks to verify payee account details before an international payment is sent, removin ...

The companies are proving out a Microsoft Azure cloud-based solution for payments transfers conducted on the SWIFT network.

Swift is showing more swagger in its rivalry with Ripple thanks to progress it has made with a multifaceted payments-tracking technology called GPI.

Canadian-based iSwiss Pay, which specialises in payment services within the Single Euro Payments Area (SEPA) system, is now planning to expand its range of services, including payments through Swift.