Cashflows Joins SWIFT Network
Cashflows, part of the Voice Commerce Group, has become a member of SWIFT, the financial messaging consortium. The relationship builds on Cashflows existing membership of Visa and MasterCard, and extends the scope of its global payments network.
Cashflows has secured use of the IBAN ‘Cash GB2L’ which will be used in all messaging. As a supervised financial institution, Cashflows is able to offer an enhanced service to its customers, bringing cost and speed efficiencies including:
Becoming a full member of SWIFT follows Voice Commerce Group becoming an authorised payment institution under the new 2nd Electronic Money Directive in the UK.