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Daily news, E-Money, EBA CLEARING’s EURO1, European Payments, European payments architecture, Eurosystem’s TARGET, Processing & Systems, Products, Real-Time Gross Settlement, Real-Time Payments, RTGS, target, TARGET2 -

SWIFT has published a new paper on the evolution of the European payments landscape and the preparations that need to be made by the region’s financial institutions. The paper, Brave... more

The post Are Financial Institutions prepared for new European payments architecture? appeared first on Payments Cards & Mobile.

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ACH, Automatic Clearing House, Blockchain, blockchain-based system for interbank clearance and settlement, Daily News, DLT, Instant Payments, Issuing & Acquiring, Processing & Systems, Real-Time Gross Settlement, Remittance, RTGS -

SARB, South Africa’s central bank has revealed astonishing results for a trial of its blockchain-based system for interbank clearance and settlement. According to a statement, SARB said it completed a 14-week... more

The post South Africa’s Central Bank says Blockchain payment trial successful appeared first on Payments Cards & Mobile.

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Daily News, Faster payments, Faster Payments Scheme, Instant Payments, Issuing & Acquiring, Mobile Remittance, Real-Time Gross Settlement (RTGS), Remittance, RTGS -

TransferWise has become the first non-bank company to gain direct access to the UK’s Faster Payments Scheme, which TW says will help it compete with banks on sending money overseas. TransferWise, one of several start-ups trying to tempt consumers and small businesses away from banks, said it would now be able to offer customers faster [...]

The post TransferWise breaks into UK’s RTGS faster payments scheme appeared first on Payments Cards & Mobile.

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Banco Santander, Blockchain, cross-border commerce, Daily News, Deutsche Bank, Distributed Ledger Technology, DLT, HSBC, international trade transactions, Issuing & Acquiring, KBC, Natixis, nostro databases, Rabobank, Real-Time Gross Settlement, RTGS, Société Générale, UniCredit, we.trade -

Blockchain and distributed ledger technology (DLT) have been key disruptors discussed for several years now. But compared with previous years, when many of the discussions were conceptual, at finally there are some more practical, experience-based accounts of the technologies. JP Morgan, Royal Bank of Canada (RBC) and Australia and New Zealand Banking Group (ANZ), launched [...]

The post Blockchain and distributed ledger technology move from promise to practice appeared first on Payments Cards & Mobile.

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Bank of England, Daily News, E-Money, FinTech, Issuing & Acquiring, Payment Service Providers, PSP, PSPs, Real-Time Gross Settlement, Remittance, RTGS -

The Bank of England has extended direct access to Real Time Gross Settlement (RTGS) accounts to non-bank payment service providers as part of a wide-ranging effort to inject more competition and innovation into the UK’s payments systems. The widely-trailed move is expected to open up a competitive space which has long been the preserve of [...]

The post BoE allows UK’s non-bank PSPs to gain access to RTGS accounts appeared first on Payments Cards & Mobile.

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