EPC launches consultation on SCT, SCT Inst and SDD
by Bija Knowles
The European Payments Council has launched a public consultation on possible modifications to four of its payment schemes
Urgent/Instant .Payments
Background
There are times when a local or cross-border payment just needs making today, now. This can be because a payment needs to be cleared and settled at a specific date and time, e.g. for a…
Read more5 leaps forward on horizon for instant payments
by Bija Knowles
Progress towards instant payments gathered pace around the world in 2017, with around four national systems introduced. What can we expect in the rest of 2018 and beyond?
SWIFT announces GPI progress
by Bija Knowles
SWIFT announced today that almost half of SWIFT GPI payments are completed within 30 minutes and almost all are done within 24 hours
The Ripple revolution
by Jack Large
Most confident new player on the block is really upsetting thought processes and assumptions
Payment revolutions: open up opportunities for corporate treasury
by Jack Large
Card companies role changing; Nordic banks harmonised cross-border; Ripple multi-solutions; new normals - subscriptions and faster payments
UK payments in 2017 - the key data
by Jack Large
Faster Payments growing fastest but BACS and CHAPS dominate
USA Payments: 37 days to ACH same day funds availablity and standards initiative
by Jack Large
NACHA is driving many of developments with target on same day funds availability and setting up online community to support standardization of payments
Payment roundup: instant payments, virtual cards, mobile payments, biometrics
by Kylene Casanova
World is moving to instant and/or mobile payments as new technologies transform
SCT Inst to gain critical mass by 2020 – EPC poll
by Bija Knowles
The SEPA Instant Credit Transfer is expected to take off quickly and will reach a critical mass in Europe before 2020, according to the results of a web poll by the European Payments Council
How will you use SCTInst?
by Bija Knowles
The EPC has listed 20 examples of how businesses and individuals will use the Eurozone's new real-time payments mechanism, the SEPA Instant Credit Transfer Scheme (known as SCTInst)
EBA CLEARING’s instant payment system RT1 now live; beginning of end for TARGET2?
by Jack Large
17 banks from eight countries connected to the pan-European platform yesterday, extending SCT Inst reach to 500+ PSPs across SEPA for payments up to 15,000 euros – across Europe in less than ten seconds
Urgent payments in USA - now there are SEVEN options
by Jack Large
RealTimePayments has just launched, but are you using the other six options?
Same Day ACH payments up 140% in US
by Bija Knowles
The volume of Same Day ACH payments more than doubled over the past two months to 10 million in October 2017, compared to a transaction volume of 4.1 million in August
EBA CLEARING’s RT1 system for SCT Inst processing goes live in ONE WEEK
by Jack Large
IBERPAY and EBA CLEARING announced today that the Spanish retail payment system is ready to provide Europe-wide instant payment connectivity to Spanish banks
Payments development: non-stop innovation worldwide
by Jack Large
Preventing charge backs; P2P payments; instant payment systems; SWIFT GPI; Adyen; march of Alipay and WeChat
Eurosystem plans TIPS development to support SEPA Inst
by Bija Knowles
The SEPA instant credit transfer scheme will go live on 21 November so the EPC interviewed its own Marc Bayle on how another part of the instant payments picture is being developed
Simplifying the Global Payments Journey
by Jack Large
FIS: 2017 Corporate Payments and Bank Connectivity Report
Visa launches real-time payments platform in Europe with global reach
by Jack Large
Visa Direct powers business initiated payments, such as payouts of insurance claims, as well as person-to-person payments. Partnership with Worldpay
Real-time global payments solution on R3’s Corda
by Bija Knowles
R3 has developed a cross-border payments platform based on distributed ledger technology and is due to release the prototype by the end of 2017
Nearly 600 payment service providers will be ready for SCT Inst on 21 November
by Jack Large
15,000 euro transfer from one account to another in maximum ten seconds from PSPs from 8 countries will be ready and officially registered
US faster payments scheme welcomes 2 million debits in first 11 days
by Bija Knowles
Almost 2 million debit payments were made during the first 11 processing days of newly implemented Same Day ACH system in the US
SWIFT GPI surpasses 2 million payments a month
by Bija Knowles
SWIFT's Global Payments Innovation initiative has “become the new standard in cross-border payments”, as it processed more than two million payments last month, SWIFT has claimed
Lack of real-time payments is reason why 80% of corporates consider changing bank
by Bija Knowles
Real-time payments services is a key factor in determining how satisfied corporate treasurers are with their banking relationships
Are you ready for the new payments ecosystem?
by Jack Large
World Payments Report 2017 describes the opportunities