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Bank of America has launched a cross-border payment tracker through its Swift GPI module that allows clients real-time visibility into their international payments.December 10
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After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.October 28
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The two agencies proposed amending the Bank Secrecy Act to lower the threshold for transfers occurring outside the U.S. that trigger recordkeeping requirements.October 23
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Other central banks have considered phasing out cash as they explore digital currencies. Should the idea take hold in the U.S., Federal Reserve Chairman Jerome Powell said it would not replace the physical dollar.October 19
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After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.September 18
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The new unit plans to connect the startups it backs, such as the global payments network Veem, with experts at the company who can provide business advice.September 16
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The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.May 4
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Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.December 3
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Tariffs and other macro factors have introduced new uncertainty into international trade.November 29
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Interoperability has become a top priority in the minds of those advancing faster payments.November 26