CPMI to set up task force for cross-border payments

The Committee on Payments and Market Infrastructures (CPMI) has invited managers of service level agreements (SLAs) and payment schemes who are interested in enhancing cross-border payments to nominate senior representatives to a new task force.

The task force will also include CPMI representatives working on implementing building block 3 of the G20 cross-border payments programme, which aims to create a template to define common features of cross-border payment service levels.

The task force, which will start in early 2022, will meet every six to eight weeks.

Its findings will feed into the development of a service level template that stakeholders can use as a starting point when establishing agreements. It will not suggest any specific service levels but will reflect how the elements relevant for cross-border payments can be addressed consistently.

    Share Story:

Recent Stories

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.