Standard Chartered introduces feature to track cross-border payments

January 10, 2020 | Payments

Written by FinTech Alliance

Standard Chartered introduces feature to track cross-border payments

The bank is the first to bring out a platform that allows the public to track and trace payments.

In Brief:

  • SC GPI Track is a publicly accessible portal.

  • The process has been likened to tracking the deliver of parcels.

  • Users can know the status of any payment the bank has processed in real time by entering a SWIFT code.

What does this mean?

The tracking service is one of a series of initiatives by SWIFT to improve customer banking experience when it comes to cross-border transactions.

Read more here.

 

More in Payments

NatWest to support SMEs through Covid-19 with Tyl
Payments
March 31, 2020

NatWest to support SMEs through Covid-19 with Tyl

NatWest has announced further support for SME customers, involving its Tyl POS terminals. The ba...

UK raises contactless limit
Payments
March 25, 2020

UK raises contactless limit

The contactless payment limit in shops around the UK will increase from £30 to £45....

SumUp waives fees to support businesses
Payments
March 24, 2020

SumUp waives fees to support businesses

UK FinTech SumUp is making its mobile payments platform free throughout the Covid-19 crisis. In B...

There are no Knowledge Bank in this category

Money 20/20 Europe

Money 20/20 Europe

When: Jun 16th - Jun 18th, 2020
Where: RAI Amsterdam, Amsterdam , GB
Price: £1,700