SWIFT gpi service
Track your payments from execution to final credit of the beneficiary.
Definition of Global Payments Innovation
Global Payments Innovation is a SWIFT payments service that introduces new innovations to the payments industry, enriching the payment transactions of the participating financial institutions, with extra information, transparency and execution date’s assurance.In addition, through SWIFT gpi Payment Pre-validation, which ensures valid verification of payments' details before execution, the time of completion of incoming transactions is drastically reduced, as payment data deficiencies are resolved in a timely manner, relieving customers of time-consuming delays.
The way Global Payments Innovation works
Piraeus Bank has integrated the gpi innovation in its infrastructure, so that all payments that meet certain conditions are characterized as gpi payments, regardless of the execution channel (branch, Piraeus e-banking). Gpi payments are marked by a unique transaction reference, the gpi reference, which follows them in all their processing stages up to the beneficiary's account credit.The information for a SWIFT gpi payment is available in all the processing stages end-to-end, provided that the payment has been sent via SWIFT and the banks involved (intermediary banks, beneficiary's bank) participate in the SWIFT gpi service.
Track your business payment
The service is available via Piraeus web banking.
With the GPI Tracking tool, you may track your business payment at any time, by using the gpi reference, and receive status updates of your payment through all processing stages. You can use it for a business payment that has been initiated by you as a payer, or for a payment that money is expected to be received by you as a payee. A prerequisite is that your payment has been marked gpi and the payment’s gpi reference is at your disposal.
Fill in the gpi reference in the menu Transfers > Payments Management > GPI Tracking.
Look for the unique payment reference in the Transfers > Payments Management > Outgoing transaction details in the "gpi reference" field.
If you wish speed in your business payments, gpi ensures faster and prioritized payments processing with end-to-end tracking from all participating banks within their cut off time.
Benefits
- Immediate tracking of your business payments.
- Real-time end-to-end visibility on the status of your payment transactions.
- Faster and prioritized business payments processing.
- Suppliers’ and partners’ credit account confirmation.
- Enhancement of your transactional credibility.
- Organized management of your business obligations.
Participating banks
Indicative examples are ABN AMRO, Bank of China, BBVA, Banco Santander, Bank of America Merrill Lynch, Bank of New York, Citibank, Danske Bank, DBS Bank, Deutsche Bank, ICBK Bank, ING Bank, Intesa Sanpaolo, Nordea Bank, Royal Bank of Canada, Standard Chartered Bank, UniCredit, etc.Read more