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The Single Euro Payments Area, the Payments Services Directive, the Eurosystem, TARGET2, STEP2, the Euro and related matters.
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Elias Thomaidis Sales Director - Payments at Aspire Systems
Introduction In today’s fast-paced world, people expect quick and easy payment options. SEPA Instant Credit Transfer (SCT Inst) delivers just that! Launched in November 2017, SCT Inst is a real-time payment system that allows for instant transfers of Euros between accounts in the Single Euro Payments Area (SEPA). This means you can send and receiv...
20 May 2024 /payments /regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
With the successful rollout of PSD2, the European Union (EU) continues to advance innovation in the payments domain through the anticipated introduction of the Payment Services Directive 3 (PSD3). On June 28, 2023, the European Commission published a draft proposal for PSD3 and the Payment Services Regulation (PSR). The finalized versions of this ...
06 May 2024 /payments /regulation
Mick Fennell Business Line Director and Head of Payments at Temenos
Money20/20 in Amsterdam comes at a pivotal time for the payments industry. Europe itself is seeing a surge in instant payment initiatives set to reshape the payment landscape. Embedded finance is gaining momentum, allowing companies to seamlessly integrate financial services into the customer experience. Additionally, ISO 20022 SWIFT and RTGS roll...
08 June 2023 /payments /regulation
Leo Lipis Chief Executive at Lipis Advisors https://www.lipisadvisors.com
In October 2022 the European Commission (EC) announced a legislative proposal to make instant payments in euros available to all citizens with a bank account in the EU/EEA. In short, the EC proposal contains four major initiatives: All Payment Service Providers (PSPs) that already offer credit transfers in euros (excluding payment institutions an...
16 February 2023 /payments /predictions
Retired Member
Last week the European Commission published a draft proposal to amend SEPA legislation. They have commented that the adoption of SEPA Instant Credit Transfers has lagged, and this set of new rules will act as a much-needed push for banks and Payment Service Providers (PSPs) to offer 24/7 instant euro payment services. This move is very welcome. A...
03 November 2022 /payments /regulation
Fatemeh Nikayin Co-Founder at Rivero
Account-to-account transactions, otherwise known as ‘pay by bank’, is a fast growing payment trend that leverages existing payment infrastructure and new open banking protocols to securely make a transaction. Thanks to its low fees and high security it's becoming a popular payment topic, but some pressing issues could come to light as the technolo...
19 October 2022 /payments /retail
If you are not working in the payments industry, it remains a mystery why payments are such a complex domain. In its essence, it is just a debit from one account and a credit on another account, which in a digital world should be super easy to accomplish. The reality is however a whole different ball game, resulting from a complex web of dozens of ...
06 June 2022 /payments /retail
If you are a European investor in any asset class, you know that inflation is at a ten-year high and that it is critical to deploy cryptocurrency to hedge against creeping inflation and create high-yield passive income. But which company should you trust with your digital assets such as Bitcoin and USDT? There are all kinds of cryptocurrency wealt...
25 October 2021 /wealth /crypto
Jens Bader CEO at Funanga AG
SEPA is a European role model in payments harmonisation. It started as the logical next step after the introduction of the Euro as a single currency, and has already standardised Euro payments across borders and simplified payments via bank transfer, direct debit and debit card. Completing this mission has been a fantastic achievement unlike anyth...
28 July 2021 /payments /regulation
Peter Larsson Business Eeveloper - Europe at Tietoevry Banking
One year ago, I posted an article What’s next for Nordic payments? Rise of real-time that is cross Nordic border – the P27 initiative that now has become a de facto infrastructure with a real plan going forward. Even further, Lars Sjögren (CEO@P27) states that there is no plan B! In this work, there are multiple parallel streams to gain traction...
31 December 2020 /payments /wholesale
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