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ECB launches real-time payment system

The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system. The new service will be available to both consumers and businesses across the 19 states in the eurozone and will offer near real-time payments via smartphones, PCs […]

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Pay.UK makes call for interest for Enhanced Data project

Interested parties are today (Tuesday 13 November 2018) being invited to contribute to the Pay.UK project to develop an ‘Enhanced Data’ capability as part of the New Payments Architecture (NPA) programme. Enhanced Data offers the capability to add additional information to payments. This can be added as standardised, structured data creating both a larger data […]