We’ve entered a new era for payments, says Mehdi Manaa, Deputy DG, Market Infrastructure & Payments, European Central Bank (ECB), as he reviews the imminent TIPS (TARGET Instant Payments Settlement) platform and rise of instant payments & SCT Inst in Europe.
The biggest market for SCT Inst payments, Germany, isn’t leading the adoption path, says Leo Lipis, an InstaPay Board member due to the lack of a domestic CSM; non-migration of Deutsche & Commerzbank; plus its savings banks not moving until July.
Despite the many recent articles and discussion panels, ISO 20022 has been around for over a decade, first taking root in the payments domain and gradually spreading into securities and trade finance. Whilst the benefits of a single financial messaging standard are wide-reaching, the challenges can be daunting. Icon Solutions, a leading global payments practitioner, […]
ECB on TIPS: Carving out the future of payments
In this blog, Jeremy Bliss, a Business Development Director with Icon Solutions, discusses why there is no room for manoeuvre with the 2019 deadline for the Hungarian instant payments scheme.
An important meeting took place this week in Budapest between the Hungarian National Bank (MNB); Giro Zrt, who will operate the country’s new instant payment scheme; and Nets who will build it; plus the various financial institutions that will connect to it.
The editorial advisory board determines the direction of InstaPay, it is chaired by our Editor. They meet quarterly to discuss the latest instant payments trends and ensure that the content of the site is directed towards these developments. This ensures that the content remains current and independent.