Berlin Group’s NextGenPSD2 becoming a European reality
Wijnand Machielse, from The Berlin Group Secretariat, provides an exclusive overview of the new NextGenPSD2 Testing Framework.
SCT Inst migration of the German market
After the launch of SCT Inst five months ago, now is a good time to take a closer at the migration status of Germany, one of the largest payment communities, says Accenture’s Britta Kotthaus-Krahmer, Principal Director, FS.
ECB on TIPS: Carving out the future of payments
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.
German instant payments & SCT Inst adoption
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.
SCT Inst & Belgium: An ING instant payments overview
Begoña Blanco Sánchez, Head of Payments, ING Belgium, looks at the country’s readiness for Europe’s SCT Inst including its 85% reachability target, STET CSM decision & local variations.
Instant payments: Taking the reins
An important part of the digital transformation underway at banks and corporates is the move towards real-time payments and operations, says Citi’s Alberto Casas. Benefits include faster reconciliation, working capital & transaction data.
The language barrier: Payments babel fish & ISO 20022
Breaking down the language barriers between payment messages to develop fully interoperable payments systems is no small undertaking and requires ISO20022, says Mike Banyard, Head of Development at the UK Faster Payments Scheme Limited (FPS).
ISO20022: One standard size doesn’t fit all
ISO 20022, the global industry standard for financial messaging, has still only made small inroads into the world of payment transactions in the US and elsewhere, says Carl Slabicki, Line Manager for Immediate Payments, BNY Mellon.
Teaching my son about banks, payments & fraud
Gene Neyer, member of the InstaPay Advisory Board, recently tried to use the example of Zelle users in the US to educate his son on the techniques of scammers, but it ended up being an education for Gene instead.