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SEPA Instant Credit Transfer (SCT Inst) payment scheme goes live

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.

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US TCH instant payments are operational

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.