Issue link: https://maltatoday.uberflip.com/i/1514108
maltatoday | SUNDAY • 7 JANUARY 2024 10 COMMERCIAL APS Bank launches SWIFT GO for USD cross-border payments APS Bank is the first local bank to introduce SWIFT GO, a service tailored for incom- ing cross-border payments in US Dollars, valued at $10,000 or less. SWIFT GO epitomises sim- plicity, speed, and reliability, addressing the hurdles faced in streamlining eCommerce payments. With a focus on enhancing payment speed, reducing cross-border com- plexities, and minimising processing fees, SWIFT GO meets the demands of retail customers and corporates for a more efficient and cost-ef- fective payment system. Small and medium-sized enterprises will particularly benefit from the agility SWIFT GO offers in sustaining their operations. The collaboration with Bank of New York Mellon empow- ered APS Bank's Payments Operations Team to embark on the SWIFT GO project, ensuring an exceptional cus- tomer experience for receiving USD payments. Alexander Camilleri, Head of Operations at APS Bank stat- ed, "SWIFT GO is very benefi- cial for our customers as it will allow faster payments. Retail and Commercial customers of APS Bank will automati- cally benefit from this inno- vative service when receiving USD-denominated payments, reaffirming APS Bank's com- mitment to delivering cut- ting-edge financial solutions, ensuring an outstanding cus- tomer experience." Transport Malta ramps up its road enforcement efforts in 2023 TRANSPORT Malta has ramped up its road enforcement efforts in 2023, as it relentlessly worked to- wards ensuring safer roads and upholding traffic regulations. The Authority's commitment to maintaining order on the roads is evident in the remarkable sta- tistics achieved throughout the year. During 2023, the Authority has issued a total of 32,801 contra- ventions, sending a strong mes- sage against violations of traffic laws. Approximately 6,000 ad- ministrative fines were imposed on offenders, underlining the Authority's dedication to holding accountable those who compro- mise road safety. In an effort to combat illegal and dangerous practices, the Au- thority confiscated a substantial number of vehicles, including 570 cars, 376 escooters, and 115 number plates. These actions serve as a deterrent and reinforce the importance of adhering to traffic regulations. Collaboration was key to the Authority's success, as a num- ber of roadside inspections were conducted, some conducted in collaboration with the Malta Police Force, Department for Industrial and Employment Re- lations (DIER), and the European Labour Authority (ELA). This cooperative approach allowed for a comprehensive examination of road users' compliance with regulations and further strength- ened the impact of enforcement efforts. A notable proactive initiative was taken by the Authority be- fore the commencement of the scholastic year. The aim was to ensure smooth traffic flow and to offer support to motorists facing breakdowns on the roads. Trans- port Malta provided a free tow- truck service, showcasing the Authority's commitment to both preventive measures and rapid response to unforeseen incidents. The Chief Executive Officer of Transport Malta, Mr. Jonathan Borg, has expressed his deep ap- preciation for the remarkable ac- complishments of the Authority in creating safer roads for all. His acknowledgment of the Authori- ty's tireless efforts and unwaver- ing commitment to ensuring se- cure roads and upholding traffic regulations is truly inspiring. Mr. Borg's gratitude extends to the hardworking Enforcement Of- ficers, whose tireless dedication and pivotal role in attaining these remarkable results deserve rec- ognition. Transport Malta's steadfast re- solve to work diligently and im- plement strategic measures to enhance road safety and foster a culture of compliance among road users is a shining exam- ple for all. The results stand as a firm testament to the Authority's unwavering commitment to cre- ating a safe and secure environ- ment on the roads, inspiring us all towards a brighter and safer future.