Commerzbank to Integrate PPI Platform, ISO 20022 for X-Border Payments

Commerzbank is updating its payments platform in Germany to execute cross-border payments.The bank will use the Swift network to process cross-border payments and the Target 2 or Euro 1 payment systems to process high-value and urgent payments, Commerzbank said in a Thursday (April 4) press release.To accomplish this, the bank is using PPI’s Travic-Payment Hub, according to the release. It expects to complete the migration by the end of 2025.“With the integration of the Travic-Payment Hub from PPI AG, we wi ...