By joining SWIFT, the company hopes to increase efficiency in sending payment instruction while increasing the reach of territories and currencies it can support. The move will also work towards improving communication with banks via SWIFT free format messages while offering direct access to interbank transfer.
Nick Ogden, CEO and founder of Cashflows and Voice Commerce Group said: “[Joining SWIFT] will allow us to provide faster and more secure payment facilities and underline our commitment to developing our Cashflow account as global solution for our ever increasing business customer base”.
SWIFT members include banks, broke-dealers and investment managers, with nearly 9,000 financial institutions signed up in 209 countries and territories.
Cashflows said the move builds on the relationship the company has with Visa and MasterCard and extends the scope of its global payments network.