Fiserv & Swift expand partnership to enhance cross-border payments

By Gloria Methri

Fiserv Inc., a global provider of payments and financial services technology solutions, has expanded its longstanding relationship with Swift by joining the Swift Partner Programme as a Platform Partner.

Fiserv will enable connectivity to Swift APIs and enhance support for Swift GPI (Global Payments Initiative) for Fiserv client financial institutions.

Swift API connectivity enhances end-to-end transparency for cross-border payments in real-time and facilitates full visibility on the status of those payments for Fiserv client banks. The combination of the reach and security of Swift with Fiserv’s footprint as the largest provider of technology to financial institutions offers an opportunity for more banks to readily access modern cross-border payment capabilities.

The Swift Partner Programme membership has generated significant interest among Fiserv clients, with multiple financial institutions already committed to taking advantage of the enhanced speed and transparency of cross-border payments that Swift API connectivity will provide.

“Our membership in the Swift Partner Program underscores our commitment to the strategic vision of leveraging APIs to facilitate access to Swift services,” said Rossana Thomas, Vice President, and Head of Enterprise Payments Platform at Fiserv in EMEA. “This is another way we can facilitate payment modernization on behalf of our clients and the wider Swift community in Europe and across the globe.”

Fiserv aspires to move money and information in a way that moves the world. As a specialist in payments and financial technology, the company helps clients achieve superior results through a commitment to innovation and excellence in account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale and business management platform.