Banks join IXB pilot for instant cross-border payments

Twenty-four banks, including Bank of America, JPMorgan and Wells Fargo, are part of a pilot project for immediate cross-border (IXB) payments in dollars and euros. The IXB pilot project involves U.S.-based The Clearing House’s (TCH) real-time payments (RTP) network, global messaging service SWIFT and the European EBA Clearing, which provides a real-time pan-European payment infrastructure, […]