Tag: standards

Swift API acknowledges pay later consumer trend

The publication of a ‘Pay Later’ API standard by Swift is further evidence of the ‘componentisation’ of payments, Lu Zurawski, practice lead for retail banking products at ACI Worldwide, said. In January, Swift published an API standard to support the increasingly popular Pay Later online payment facility.

Blockchain becomes a ‘standards play’

Two recent developments – one a proof of concept, the other a system that has been in operation for a year – suggest blockchain technology is becoming widely accepted in day-to-day operations. Heather McKenzie reports