In today’s world, customers expect greater transparency. When they send a payment, they want to know what is happening with it and when it has been received. Until now, this has not been possible in cross-border payments as each bank has only been able to guarantee and share information on its own leg of the payment.
SWIFT gpi now enables banks to provide end-to-end payments tracking to their customers. The SWIFT Tracker – ‘in the cloud’ and securely hosted at SWIFT – gives end-to-end visibility on the status of a payment transaction from the moment it is sent right up to when it is confirmed. SWIFT gpi banks are able to log in to the Tracker to instantly check the status of the payments sent, in progress and received. They can even improve their liquidity management by having visibility on initiated payments already on their way.
By integrating the gpi Tracker API with applications, banks can make calls to retrieve payment information and update payments.
Fee & FX transparency
Easy to implement
Unaltered remittance info