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News, SCT inst

SCT Inst uptake surpasses 1,000 PSPs, 25% of European total

The latest statistics from the European Payments Council (EPC), designers of the single euro payments area (SEPA) instant credit transfer (SCT Inst) scheme, show that 1,043 payment service providers (PSPs) from 13 countries, 25% of the total in Europe, have so far registered as participants.

News, SCT inst

ECB hosts instant payment debate and #TIPSapp Challenge

To create awareness about instant payments (IP), the European Central Bank (ECB) is today hosting a one-day conference at its Frankfurt offices in Germany and running a #TIPSapp challenge inviting vendors to present mobile apps for the initiation and processing of IP on its Target Instant Payment Settlement (TIPS) SCT Inst-compliant platform.

Scheme, SCT inst

Form3 to deploy Instant Payments Framework (IPF) for SEPA Instant Payments

Form3, the cloud based end-to-end secure standard for global payments processing, today announced a partnership with Icon Solutions, a payment and specialist technology provider. The deal extends Form3 Payments-as-a-Service platform beyond the UK real-time payments to include processing across Europe. This will allow clients to gain direct technical access to the Euro Banking Association (EBA) […]