{
  "id": 10730584,
  "title": "Bank of America, Bradesco Test Instant Cross-Border Payments",
  "url": "https://urgent.news/2026/09/29/bank-of-america-bradesco-test-instant-cross-border-payments",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T16:17:19.000Z",
  "source": {
    "name": "Global Finance",
    "slug": "global-finance",
    "url": "https://gfmag.com/transaction-banking/bank-of-america-bradesco-test-instant-cross-border-payments/"
  },
  "original_language": "en",
  "account": "Bank of America has successfully piloted an instant cross-border payment service in partnership with Brazilian bank Banco Bradesco. The transaction, executed through Swift, was completed in near real-time and transferred funds to a Hong Kong account in Bradesco's local currency. While the exact processing time and cost remain undisclosed, Bank of America confirmed the payment was similar to domestic instant transfers. The bank's initiative comes amid increased competition from card networks and fintechs offering faster cross-border payment solutions. Bank of America's Payments Product Head, Daniel Stanton, emphasized the service's ease of adoption and compatibility with existing banking infrastructure, allowing clients to leverage faster cross-border payments without extensive technology changes. The service, announced in June, targets corporate, commercial, and financial institution clients engaging in high-volume small payments. It offers real-time tracking, full principal amounts, and certainty of payment arrival, connecting to various domestic instant-payment networks. Bank of America plans to integrate the service into its digital banking platform, CashPro, in 2027. The firm aims to handle a substantial volume of cross-border payments in its first year, driven by growing demand for seamless payouts.",
  "summary": "At Sibos 2026, Bank of America announced that it had executed its first real-time payment initiated by Bradesco. The post Bank of America, Bradesco Test Instant Cross-Border Payments appeared first on Global Finance Magazine .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}