28 Jan 25 @ 17:58

More than any other transaction form, real-time payments (RTPs) will dominate the next five years. By 2030, around one-third of global payments will be real-time.[1] Within this growth, corporate payments... read more

13 Jan 25 @ 19:27

European instant payments are about to speed up. The new SEPA (Single European Payments Area) Credit Transfer mandate (SCT Inst) has taken root and deadlines for implementation are as soon... read more

09 Jan 25 @ 17:43

The European Union’s Instant Payments Regulation (IPR), which came into force in April 2024, marks a pivotal step in moving the financial landscape across the Single European Payments Area (SEPA)... read more

17 Dec 24 @ 11:36

EBA CLEARING has announced the go-live of an OCT Inst Service, which was implemented in the pan-European RT1 System on 17 November 2024 at the request of its users. The... read more

11 Dec 24 @ 11:03

EBA CLEARING has unveiled a SEPA-wide Verification of Payee (VOP) solution designed to help payment service providers (PSPs) comply with the Instant Payments Regulation (IPR) and the European Payments Council’s... read more

06 Dec 24 @ 11:53

Across Europe, numerous financial institutions are embracing Software-as-a-Service (SaaS) solutions as essential tools for achieving cost savings, efficiency and scalability. Whether in France, the UK, Spain or Germany, banks and... read more

15 Nov 24 @ 13:37

In a ground breaking move for the European payments landscape, previously reported on by Payments Cards & Mobile, Italy’s BANCOMAT, Spain and Andorra’s Bizum, and Portugal’s MB WAY have successfully... read more

07 Nov 24 @ 11:59

A new study from FIS outlines why instant payments will herald a second revolution in digital finance. In the report, FIS explain how banks can best modernise their payment systems... read more

17 Oct 24 @ 12:30

Our first article in this series established the huge growth today in global instant payments both domestically and across borders. Below, we examine the challenges this creates for banks struggling... read more

01 Oct 24 @ 09:00

Ecommpay has extended its partnership with Token.io adding virtual accounts in four new markets — the Netherlands, Spain, France and Ireland. Ecommpay Open Banking Advanced, delivers cash-flow and customer experience... read more

26 Jul 24 @ 10:30

Are we on the brink of a revolution that displaces Visa and Mastercard from their pole position in payments? For decades, merchants have needed to accept these cards to capture... read more

11 Apr 24 @ 15:32

Yesterday we reported on the efficacy of the UKs Confirmation of Payee (CoP) program reaching 2 billion check. Now EBA CLEARING has announced it will provide its CoP service at... read more

10 Jan 24 @ 17:03

After much stuttering and starting it seems like the European Payments initiative – EPI – is starting to get its act in gear. In July 2020 the European Central Bank... read more

20 Dec 23 @ 10:03

Bizum (Spain), BANCOMAT (Italy) and SIBS (Portugal), three leading mobile payment companies in their respective markets, have signed a Letter of Intent to implement the interoperability. This agreement aims to... read more

04 Dec 23 @ 13:02

The European Payment Council’s (EPC) One-Leg-Out Instant Credit Transfer scheme (OCT Inst) has gone live. The launch of the new payment scheme of the European Payments Council (EPC) designed for... read more

05 Jan 23 @ 12:00

The news that A2A payments provider Venmo has been added by Amazon as a payment method feels like a watershed moment. For years, industry chat has talked about the potential... read more

11 Oct 22 @ 13:23

Cheque usage continues to decline for business-to-business (B2B) payments in US and Canada (North America), falling to an all-time low of 33% since AFP (Association for Financial Professionals) began tracking this... read more

12 Apr 21 @ 13:19

On March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA was open for feedback... read more

25 Nov 20 @ 13:08

The European Payments Initiative (EPI) has entered its next phase and has announced Worldline and Nets as shareholders of the EPI Interim Company, as the first third-party acquirers to join... read more

16 Nov 20 @ 20:04

The European Central Bank’s (ECB) Governing Council, in line with the European Commission’s (EC) objectives, has taken an important move towards the full reach of instant payments across the euro... read more