Real-time payments continue their rapid expansion worldwide, bolstered by widespread support from banks, corporations and governments alike. This edition of the “Real-Time Payments World Map” highlights the latest news and developments shaping the real-time payments landscape. NetXD Simplifies Real-Time Payments Onboarding and Integration in the...
As faster payments schemes take shape around the globe — in the U.S., the FedNow® Service is the latest example — realizing the full potential of speed and lower costs demands interoperability. Regulations and frameworks are still emerging, and there are a number of private...
Belgium was not one of the early adopters of the EU’s SEPA Instant Credit Transfer (also referred to as SEPA Instant or SCT Inst) real-time payments scheme, joining the platform nearly two years after it was introduced in November 2017. Since then, customers and businesses...
The Single Euro Payments Area (SEPA) is an EU-led initiative intended to harmonize the way cashless euro payments are made across Europe. Every European Union country and several non-EU countries are a part of SEPA. The basic premise of SEPA — that euro payments between...
August 31, 2021
Agnostic is a word that European Payments Council (EPC) Director General Etienne Goosse often uses to describe the mandate of the payments association that counts 2,343 payments services providers, representing about 59% of all EU payment service providers (PSPs), as members. It is also why he pushes back against repeated calls to regulate adherence to […]
April 19, 2021
It’s not an easy task to get the European Union to speak in a single voice for anything. With 27 member states in motion and the U.K. on its way...
December 03, 2018
Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds — or less — across SEPA. Javier Santamaria, EPC...
November 18, 2024
Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. 18). As part of the EPC’s One-Leg Out (OCT Inst) program, banks can tap into Iberpay’s service, instant payment technology, standards and processing capabilities allow […]
April 30, 2021
The European Payments Council (EPC) wants to hear from service providers with the expertise to oversee a multi-nation alarm system designed to cut down on payments fraud. The council this...
December 16, 2019
EBA CLEARING is launching a request to pay (R2P) solution in Europe and created specifications with the input of 27 financial institutions from 11 countries, EBA announced in a press...
June 27, 2019
In light of competition from Facebook and other tech firms and banking firms, the European Union could potentially have a real-time payments system in place by 2020, according to a...
