Wise’s Cross-Border Hopes And Other Digital Transactions News briefs from 9/18/23

Wise Transfer Ltd., a developer of software for cross-border transfers, announced its Wise Platform will complete transactions initiated through the Swift international payments platform at the option of financial institutions.
In related news, IBM Corp. announced its IBM Payments Center, a software-development unit, has joined the Swift Partner Program, gaining access to more than 11,000 institutions across more than 200 countries.
Capacity restraints in software development have clipped banks’ payments revenues by 5% over the past two years, according to research from Celent, which surveyed 74 major banks in North America and Europe this spring and summer.
The global payments standards body EMVCo has formed a task force to investigate how EMV technology can be used in payments for electric-vehicle charging. EMV specifications cover such payments processes as mobile QR codes and contactless and contact transactions with chip cards.

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