The intersection of technology, leadership and regulation is reshaping B2B in profound ways. CFOs are stepping into more strategic roles, leveraging advanced tools to drive transformation. Meanwhile, technological integration is streamlining operations across sectors, from construction to travel. Most crucially, B2B payments continue to evolve...
Innovation traditionally moves faster than regulation. Except, as it seems, when it sometimes comes to modernizing legacy banking and payments core infrastructure, where regulation can get the edge. As covered here, nearly three-quarters of banks (73%) remain unprepared for compliance with the ISO 20022 financial...
Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. 18). As part of the EPC’s One-Leg Out (OCT Inst) program, banks can tap...
Nexi has signed a partnership with credit union-owned payment service provider Payac. The agreement allows for SEPA instant payments to all participating credit unions in the Republic of Ireland, the companies said in a Tuesday (July 30) news release. “As a result of this partnership, 176 credit unions...
March 23, 2023
European real-time payments have seen historic growth in recent years. In fact, some European countries like the U.K., Sweden and Finland have even gone a step further to develop internal payment systems to supplement the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme, a pan-European initiative launched in 2017 that enables ultra-fast euro payments […]
June 23, 2022
In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate doesn’t always align with customer...
December 03, 2018
Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds — or less — across SEPA. Javier Santamaria, EPC...
September 24, 2018
Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this...
November 18, 2024
Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. 18). As part of the EPC’s One-Leg Out (OCT Inst) program, banks can tap into Iberpay’s service, instant payment technology, standards and processing capabilities allow […]
July 30, 2024
Nexi has signed a partnership with credit union-owned payment service provider Payac. The agreement allows for SEPA instant payments to all participating credit unions in the Republic of Ireland, the companies said in...
February 22, 2024
Payment technology provider Numeral has launched support for Swift payments. This move enables Numeral’s customers to benefit from both Swift’s global reach and local payment schemes’ speed, lower cost and local reach, the company...
October 23, 2023
Cloud-native banking technology company Thought Machine has partnered with cloud-native account-to-account (A2A) platform Form3 to offer banks and financial institutions an end-to-end solution for real-time payment processing. This collaboration will add the FedNow® Service, The Clearing...
