News, Scheme
Giro contracts Nets to deliver IP infrastructure in Hungary
26/01/2018
Nets will deliver the instant payments (IP) solution to Hungary after winning a contract from the operators Giro Zrt following a competitive tender process.
Nets will deliver the instant payments (IP) solution to Hungary after winning a contract from the operators Giro Zrt following a competitive tender process.
All banks operating in Estonia should introduce instant payments (IP) within a year, said central banker Madis Müller, the Bank of Estonia’s (Eesti Pank) deputy governor.
EBA Clearing’s instant payment RT1 platform is live today on 21 November in-line with the launch of the SEPA Instant Credit Transfer (SCT Inst) scheme that is designed by the EPC to offer euro transfer capabilities across 34 single euro payment area (SEPA) countries in less than 10 seconds.
The single euro payments area (SEPA) instant credit transfer (SCT Inst) scheme, developed by the European Payments Council, is ‘live’ today with the EPC claiming almost 600 payment service providers (PSPs) across Europe are already offering euro instant payments on the framework.
The first new payment and clearing infrastructure in the US in more than 40 years is operational. The Clearing House (TCH) launched its real-time payments (RTP) system late yesterday evening when $3.50 was moved between two different banks in three seconds.
Iberpay is ready to act as one of the first technical service providers connecting to RT1, EBA Clearing’s platform for cross-border euro real-time payments (RTP) ahead of the SCT Inst scheme ‘go live’ on 21 November 2017.
Malaysia is to rollout a real-time retail payment platform (RPP) before the end of the year and launch instant credits next year.
The new mobile payment clearing and switching system (MpClear) unveiled in Oman is already attracting users with Bank Sohar, Nizwa, Muscat and HSBC Bank Oman some of the latest to sign up
A new image-based cheque clearing system has gone live in the UK, serving older and non-digital customers that aren’t users of the country’s real-time Faster Payment Service (FPS)
The European Central Bank (ECB) announced this week at SWIFT’s Sibos 2017 trade show in Toronto, Canada, that it intends to build a new real-time gross settlement (RTGS) by 2021 if it gets the permission of its governing board before the end of the year.
The Federal Reserve announced the members of the collaborative industry short-term work group that will focus on developing a governance framework for faster payments in the United States.
Preparatory testing is nearing completion for the November launch of the first pan-European infrastructure solution for real-time payments in euro.