The new SWIFT global payments innovation (SWIFT gpi), which facilitates financial stability and fund management, has been introduced in Jordan.

By embracing this new global payments standard, Bank al Etihad clients can now benefit from enhanced fee and exchange rate transparency, unaltered remittance information and improved operational efficiency through an international payment assistant, a statement said.

Also, SWIFT gpi allows visibility on the status of payment transactions at all stages, from the moment they are sent, all the way until they reach their final destination anywhere in the world, ultimately ensuring maximum convenience and peace of mind for clients.

Specific features have been designed to help provide an increased layer of security to the SWIFT gpi platform. These include the option to stop and recall payments in case of suspected fraud, as well as the transfer of rich payment data to permit clients to automatically reconcile invoices and payments and keep track of them at the touch of a button. – TradeArabia News Service