I’ve been attending the NACHA Payments conference for many years, either as a banker, technologist, or industry research analyst. In recent years, the conference has been re-invigorated as the US begins to implement faster, real-time payment solutions. With my research focus on corporate banking and treasury management, I attend NACHA with a somewhat different lens […]
Instant Payment Blogs
InstaPay publishes a series of instant payment blogs from worldwide realtime payment experts. These original real time payment articles offer the latest thoughts on instant payment adoption and real time payments issues and immediate payment market trends.
The challenge of implementing instant payments (IP) at a bank is mainly a technical one, according to almost two thirds of attendees at a dedicated conference session on the topic at SWIFT’s London Business Forum 2018 at Tobacco Dock, reports Neil Ainger. The IP presentation on 24 April from Carlo Palmers, Head of Instant Payments […]
In this blog, Richard Dear, Business Development Director, Icon Solutions shares his top SCT Inst implementation tips from a recent InstaPay webinar featuring Accenture, UniCredit HVB, Raiffeisen Bank and Icon Solutions. The recent InstaPay webinar “Transitioning to Instant Payments in Germany” provided some more TIPS (pun intended) for the introduction of SCT Inst. Icon’s very […]
In this blog, Aniruddha Maheshwari, a payments consultant with Icon Solutions, discusses how payments architecture needs not only to meet the demand for Instant Payments, but also the demands of the future. In Germany, many of the smaller banks (for example Sparkasse banks) have opted to use payments as a service via a Technical Service Provider (TSP) […]
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.
In this blog, Aniruddha Maheshwari, a payments consultant with Icon Solutions, discusses the appetite for instant payments in Italy and why it pays to be an early adopter. The benefits of being an early-adopter Even though EBA Clearing launched SEPA Instant Payments in November 2017 via RT1, so far only a handful of banks (early-adopters) have decided to offer the Instant […]
In this blog, Richard Dear, Business Development Director, Icon Solutions shares his insights from the recent European Central Bank event focused on TIPS and the impact it will have on Europe’s SCT Inst scheme. At the European Central Bank’s recent #TIPSapp event there was lots of focus on opportunity, both short-term and longer-term from the introduction […]
Heralding ‘momentous change’ is common in prediction articles, says Paul Horlock, CEO of the UK’s New Payment System Operator, but this year it’s justified although we’re only in the foothills. NPSO, which consolidates three retail payment schemes into one, will oversee the move towards a New Payments Architecture (NPA) and there are the PSD2, Open […]
With instant payments grabbing the headlines in 2017, what will 2018 hold? Here, Tom Hay, member of the InstaPay Editorial Board, shares his views. 2017: The year of Instant Payments Unless you’ve spent the last 365 days hiding under a rock, you’ll be fully aware that 2017 has been the year of Instant Payments. Regulators […]
05 December 2017
The single euro payments area (SEPA) instant credit transfer (SCT Inst) voluntary scheme went live last month but only 585 PSPs, 15% of the total, were ready for it. How long will it take for the rest to catch up, asks Neil Ainger, and is US TCH RTP adoption similarly slow? SCT Inst launched in […]
28 November 2017
In this blog from Aniruddha Maheshwari, a payments consultant with Icon Solutions, examines the speed at which German PSPs plan to migrate to SCT Inst. A slow initial uptake is expected to be followed by hundreds of small banks joining the RT1 platform next year, but larger PSPs are holding off. The latest stats from […]
27 October 2017
A blog by Jason Hayes, Senior Vice President, Canada, Icon. Money 20/20 started off with a rush to the eCommerce sessions. The overrding message has been that payments are becoming more ubiquitous in their delivery. From phones, to watches, to banking systems, the message is clear: the consumer chooses their payment method while the […]