Real time data exchanged internally, as well as with banking partners, help the end-to-end processing of time important payments. APIs are an ideal solution for real time data exchange.
Fraud is not just an issue for consumers. Businesses must consider their own processes to mitigate the impact, and potential losses from payments fraud.
SWIFT standards drive many cross-border payment types. The use of ISO20022 and UETR data provides an opportunity for improved track, trace and reconciliation.