The Difference between a SWIFT ACK and SWIFT NACK 27

Having explained the various SWIFT message types and the structure of a SWIFT message, one of the other big questions that corporates contend with is what is the difference between a SWIFT ACK (Acknowledgement) and SWIFT NACK or sometimes referred to as SWIFT NAK (Negative Acknowledgement). Let’s get straight into it… The Structure of SWIFT ...

The Top Payments News Stories in July, 2015

Mobile payments, blockchain and fintech payments news stories dominated in July 2015. Mobile payments news focused on the UK launch of Apple Pay, and the banks continue to express their excitement around blockchain technology. I never thought we would see news about Mike Tyson in a blog about payments news, but he’s fought his way into this months ...

9 Interesting Payment Factory Insights from Sungard

The SunGard’s 2015 Payments Study: Putting Fraud and Fees Under the Payment Factory Microscope is a must read for all corporates who are considering a payment factory solution. The study nicely identifies some of the reasons why corporates are assessing their bank relationships and the number of accounts they hold, and reveals interesting information around ...

The Top Payments News Stories in June, 2015 1

Greece has dominated the news in June, and as I write the stand off continues. Greece will clearly continue to top the European and world headlines in the coming months as the EU discussions, the upcoming referendum and subsequent impacts are felt. Other key payments news stories that stand out and to keep an eye on include ...

5 Ingredients for a Successful Regional Payments Scheme

In Europe we are familiar with our very own regional payments scheme, SEPA! But there are other regional payments schemes out there too, and the SWIFT Institute paper on Cross- border low value payments and regional integration: enablers and disablers offers a fascinating insight into some of the other regional payments schemes and the important ...

Payments Industry Trends YOU Need To Know…

There is so much information about finance, technology and the latest and greatest payments industry trends that I find it difficult to keep track of what is going on. In this post I intend to share what I have learnt about why the payments industry is changing and outlining some of the key trends that are ...

9 Takeaways from the Payments Innovation Jury Report 2015

In April this year an insightful report – Payments Innovation Jury Report 2015 – into payments and payments innovation was released. Basically its a what’s hot and what’s not in the world of payments. The report, written by John Chaplin, is important because it reflects the thoughts of 40 experts from 23 countries around the world. ...

The Top Payments News Stories in May, 2015 1

Cor blimey… Its June ! Here we go with a round up of the payments news stories from May 2015. In this month mobile payments news stories seemed to topped the bill, with plenty of cyber security and digital currency happenings too. There were a couple of developments in user authentication and I’m sure this is a ...

5 SEPA Preparation Tasks You Need To Do TODAY

A couple of months have passed since the post SEPA Deadline: 1st February 2016 – The Countdown Begins. Many of us are busy with other projects, and as a result putting back the SEPA preparation that needs to happen in order to ensure readiness for February 2016. In this post, I am going to make 5 ...

3 Awesome History of Payments Infographics 1

In and amongst all of the hype and talk about the future of payments, I started thinking and wondering about the history of payments! After all, it is often said that to understand the future you need to delve into the past. The following 3 payments infographics outline: The history of money and payments through ...