News, Scheme
EBA Clearing kicks off development of pan-European request to pay infrastructure solution
18/09/2019
The delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.
The delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.
24 PSPs from 11 countries confirmed their intention to support the delivery of a pan-European Request to Pay (R2P) infrastructure solution.
Sweden’s central bank has said it plans to bring 24/7 real-time payments to the country by 2021 by joining the ECB’s Target Instant Payment Settlement system. TIPS, which launched last year is available to consumers and businesses in the eurozone and offers near real-time payments. TIPS was created in order to help banks with the […]
SIA & Colt Technology Services have won a tender commissioned by the ECB for the provisioning of connectivity services to Eurosystem market infrastructures.
SWIFT has announced that a group of banks will be trialling instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement platform.
EBA Clearing announced today that its pan-European instant payment system RT1 successfully connected six new participants yesterday (see end of document for the full list of the new participants). The new joiners brought the total number of RT1 participants to 28 and expanded the reach of the system from around 600 to over 1,000 addressable […]
Payments Canada is implementing a new credit risk model for the country’s retail payment system, effective 12 March 2018.
The European Payments Council (EPC) has announced the launch of the public consultation on the 2018 change requests for the Single Euro Payments Area (SEPA) Credit Transfer and SEPA Direct Debit rulebooks. These documents detail the change requests from stakeholder representatives, banking communities and EPC Working and Support Groups. Furthermore, they include the recommendations of […]
The New Payment System Operator (NPSO), which is taking charge of all the UK’s retail payment systems including its Faster Payment Service that is undergoing a technology overhaul, has appointed Matthew Hunt its new Chief Operating Officer.
EBA Clearing’s SCT Inst-compliant instant payment system RT1 has processed more than half a million transactions in Europe, worth EUR300m, with 95% of them taking three seconds to clear.
The new payment platform (NPP) in Australia has officially launched today to the public, enabling businesses and consumers to transfer money instantly between banks in real-time on a 24×7 basis.
The way Canadian business process payments costs them $2.9 billion to $6.5bn in unnecessary costs every year, according to a new study by Payments Canada and EY Canada, that advocates the former’s modernisation plan.