IBM Payments Center Provides Cloud-based Swift Connectivity
By joining the Swift Partner Programme, the IBM Payments Center creates new opportunities to collaborate with all Swift members.
Tech company IBM (NYSE: IBM) announced on September 18 that the IBM Payments Center has joined the Swift Partner Programme.
The IBM Payments Center is a payments-as-a-service solution that uses open, standards-based technologies to deliver managed payment and cash management services.
It helps financial institutions and other businesses modernize their payment platforms and access the latest cognitive and AI technologies in a highly secure environment.
“Our platform partnership with Swift brings the power of IBM and the reach of Swift to deliver value for financial institutions and other businesses looking for end-to-end solutions for a broad array of payment services,” said Andrew Higgins, Senior Partner and Global Payments Leader at IBM Consulting.
By joining the Swift Partner Programme, the IBM Payments Center creates new opportunities to collaborate with all Swift members, including more than 11,000 banking institutions in over 200 countries.
According to the company, this is an opportunity for the IBM Payments Center to efficiently deliver access and integrate and develop new payment solutions by leveraging an expanded offering of application user interfaces (API) and comprehensive access to API testing material, documentation, and accreditation status.
The IBM Payments Center provides end-to-end cloud-based Swift connectivity that adheres to the controls defined by Swift’s infrastructure and client security programs, eliminating the need for clients to host and manage Swift’s required hardware and software.