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The ECB has taken aim at major EU banks for the prices they are setting for Instant Payments. In a speech given by Fabio Panetta, Member of the Executive Board... read more

The post European Central Bank: Cost of Instant Payments too expensive appeared first on Payments Cards & Mobile.

The ECB has announced that it will investigate how TARGET Instant Payment Settlement (TIPS) could support instant payments transactions across different currencies. The investigation will begin as of October 2020... more

The post ECB proposes cross-currency instant payments pilot with Sveriges Riksbank appeared first on Payments Cards & Mobile.

SWIFT says that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The European Central Bank (ECB) and... more

The post SWIFT trials instant cross-border gpi payments through TIPS appeared first on Payments Cards & Mobile.

The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... more

The post EC sets sights on TIPS challenging Visa and Mastercard European dominance appeared first on Payments Cards & Mobile.

Worldline has announces that its subsidiary, equensWorldline SE, welcomes TIPS – the Instant Settlement service that was recently announced by the European Central Bank. equensWorldline will connect its European and national Instant Payments Clearing and Settlement services to TIPS from the first day TIPS is operational, thus providing easy pan-European reach to its connected banks [...]

The post equensWorldline supports European Central Bank Instant Settlement initiative appeared first on Payments Cards & Mobile.