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The European Commission’s proposal for a regulation on instant payments
On 26 October the European Commission (EC) adopted a legislative proposal on instant payments in euro, fulfilling its commitment of the 2020 Retail Payments Strategy for the European Union (EU).... read more
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EPC’s 20th anniversary: The transformation of European payments
This year is very special for the European Payments Council (EPC), which celebrates its 20th anniversary. To mark this occasion, the EPC interviewed Javier Santamaria, who has been active within... read more
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Instant Payment Card: Initiating a SEPA Credit Transfer at the POS
Smart Payment Association (SPA), the global trade body of the smart payments industry, has published proposals for an Instant Payment Card that would extend SEPA instant Credit Transfer functionality to... more
The post Instant Payment Card: Initiating a SEPA Credit Transfer at the POS appeared first on Payments Cards & Mobile.
Faster payments – 40 countries live as global roll-out gathers pace
2018 marks the fifth year of FIS’ report “Flavors of Fast”. It was originally inspired to capture the early but remarkable influences of faster payments schemes around the world. In... more
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Instant payments: what are you waiting for?
November saw the launch of new instant payment schemes in the US and Eurozone. The main commercial banks in the US are behind RTP®, and nearly 600 payment institutions from eight European countries are participating in SCT Inst (SEPA Instant Credit Transfer). Real-time or instant payment is not new though. It started with Zengin in [...]
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