Bank of America, JPMorgan Chase adopt new Swift payments framework

# Bank of America, JPMorgan Chase adopt new Swift payments framework

> Evidence tier: B1
> Evidence type: Independent payments-media report corroborated by Swift's official scheme materials
> Source: [The Paypers](https://thepaypers.com/payments/news/bank-of-america-jpmorgan-chase-adopt-new-swift-payments-framework)
> Published: 2026-08-13
> Captured: 2026-08-14T12:38:57.424Z

## Source summary

The Paypers reports that Bank of America and JPMorgan Chase have joined the Swift Payments Scheme alongside roughly 60 financial institutions. Swift's official materials say more than 60 institutions support the initiative, which uses shared rules intended to improve transparency, preserve full payment value and route transactions toward the fastest available settlement. Individual banks' implementation timing and service scope can vary.

## Why it matters

A common bank scheme can reduce fragmented service commitments in cross-border correspondent payments and make speed, fee transparency and full-value delivery more consistent across participants. This is an implementation commitment, not proof that every corridor is already live or meeting the targets. The report provides no bank-level rollout date, live volume, corridor coverage, achieved settlement time or pricing result, and it is unrelated to stablecoin settlement.

## Key numbers

- **Institutions supporting the Swift Payments Scheme:** 60+

## Topics and entities

- Industry lane: Payment infrastructure
- Entities: Bank of America / JPMorgan Chase / Swift
- Cross-border payments
- Payment infrastructure

## Evidence and credibility note

Independent The Paypers report corroborated by Swift's official scheme page. Participation and intended rules are supported; bank-level implementation timing and achieved corridor outcomes are not disclosed.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-13T03:52:14+00:00

## First-party corroboration

- [https://www.swift.com/payments/payment-innovation/swift-payments-scheme](/en/items/https://www.swift.com/payments/payment-innovation/swift-payments-scheme)

## Original-source traceback

[Open the original The Paypers report](https://thepaypers.com/payments/news/bank-of-america-jpmorgan-chase-adopt-new-swift-payments-framework)

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This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.