Unlocking payment confirmations for all

To support non-gpi banks with limited cross-border payments volumes, we’re introducing a basic tracker – a free basic version of the full Tracker that allows banks to manually confirm payments.

Many gpi members confirm payments by sending an interbank payment message (MT 199) to a dedicated Tracker BIC through their existing SWIFT interface.

Using API calls to confirm payments is a fast and efficient way to update the Tracker. From the end of 2019, all SWIFT users will be able to use the gpi connector to update the Tracker using the unique tracking code of the transaction.

From 2021, with the support of SWIFT and other key market infrastructures, the global banking community will be moving to a new messaging standard for payments: ISO 20022.

To make things even easier, we’re also introducing a new CSV format (Comma Separated Values) that can be used to implement universal confirmations. Batch confirmations will allow customers to reduce the implementation effort to a simple end-of-day export file from their payment application.