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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.

Some TIPS for the introduction of SCT Inst

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 […]

The year ahead in payments

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 […]

What will 2018 hold for instant payments?

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 […]

SCT Isn’t: How ready are banks for Europe’s IP scheme?

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 […]

What will be Germany’s role in the uptake of SEPA instant payments?

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 […]

Insights from Money 20/20 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 […]

The challenges of (and the potential solutions for) processing Instant Payments

A blog by Mark Munne, Senior Product Marketing Manager at equensWorldline Low latency, 24/7 availability, connectivity and scalability. When it comes to processing Instant Payments, these are the four main challenges for banks and processors. This new and faster way to make payments has a lot of market potential, but the underlying infrastructures and processes […]

Are traditional hubs a good fit for instant payments?

A blog by Aniruddha Maheshwari, Payments Consultant at Icon Solutions Any mention of payments and multiple schemes, and the gurus are quick to respond with an “industry leader payments hub” as your go-to solution. These hubs are ‘centralized payments platforms’ which provide a unified view of payments activity and business. What they fail to mention […]

Taking care of business: The US approach to Real Time payments

A blog by Tom Hay, Head of Payments at Icon Solutions The US has always been more business-friendly than the Old World, and New York is peppered with temples to industry built by 19th century tycoons such as John D. Rockefeller and J. P. Morgan. Appropriate then that The Clearing House (TCH) in New York […]

PSD2 Set to Topple Europe’s ‘House Of Cards’ by 2027

By Tom Hay, Head of Payments at Icon Solutions We’re at something of an inflection point in the payments landscape. It’s pretty clear that the arrival of PSD2 and Instant Payments will significantly disrupt retail payments, and the media has been awash with the “what ifs”. However, the debate has lacked any concrete data on […]