Adopting the new global standard for payments is more important / vital than ever before, according to a recnet update from Swift.

Faster and easier low-value, cross-border payments are coming, and they are going to increase choice and competition But now Swift, the financial industry co-operative that was behind the ...

But things are getting better. “Huge progress has been made in cross-border payments in recent years,” says Thierry Chilosi, Chief Strategy Officer at Swift. He cites Swift’s global payments ...

Excluding Russia from Swift would not stop its banks sending and receiving cross-border payments, but it would make the process much more difficult and expensive. Germany's new stance was ...