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EBAday 2024: Turning European dialogue into solutions for the new payments era

/payments

EBAday 2024: Turning European dialogue into solutions for the new payments era

Wolfgang Ehrmann, chairman of the board at Euro Banking Association (EBA) kicked off the first day of the 19th EBAday with a speech welcoming all delegates.

SEPA Instant Mandate: Racing to European Banking transformation

/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

IP Regulation, VoP and Interoperability: Preparing for the October 2025 Deadline

/payments

IP Regulation, VoP and Interoperability: Preparing for the October 2025 Deadline

FinextraTV and Banfico’s CEO Kannan Rasappan explore all the current moving pieces of the puzzle for payments service providers in the EEA region, dive deep into the biggest challenges ahead of compliance with the incoming instant payments regulation in October 2025 and how Verification of Payee will impact this. VoP must also be considered as a fraud and financial crime mitigator, and the conversation turns to how cross border payments could open the door to potential scams and how banks must stop operating in siloes to prevent them. Banfico is running an upcoming webinar to delve deeper into these topics with other key players in the VOP landscape.

/payments

BNP Paribas and Numeral team up to help firms embed Sepa payments

BNP Paribas and Numeral, the payments technology provider, are entering a partnership to enable payment companies to embed SEPA and local payments into their products seamlessly, become SEPA participants, and optimise their payment operations at scale.

Iberpay and Santander become first particpants in EPC's OCT Inst scheme

/payments

Iberpay and Santander become first particpants in EPC's OCT Inst scheme

Spain's Iberpay and Santander have signed up as the first participants in the European Payment Council's new OCT Inst scheme for faster international account-to-account payments.

EBA Clearing carries out pan-European request to pay PoC

/payments

EBA Clearing carries out pan-European request to pay PoC

EBA Clearing says its request to pay service is ready for commercial use cases after the completion of a pan-European proof-of-concept involving eight PSPs.

Tide partners with Adyen in German market

/payments

Tide partners with Adyen in German market

Tide has announced that it will offer business accounts in Germany, marking the beginning of the company's expansion into Europe.

/payments

Deblock chooses Numeral for SEPA payments

Deblock, the first current account that accepts both euros and cryptocurrencies, has chosen Numeral, the payment technology provider, to manage its SEPA payments

EBA Clearing preps Verification of Payee

/regulation

EBA Clearing preps Verification of Payee

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

/payments

Ecommpay adds Bacs and Sepa Direct Debit capabilities

Leading international Payment Service Provider and UK & Europe direct bank card acquirer Ecommpay has launched Direct Debit payments for UK and EU businesses in collaboration with bank payment company GoCardless.

/payments

Commerzbank revamps platform for cross-border payments

Commerzbank is updating its existing payment platform in Germany to process cross-border payments via the Swift network and to process high-value and urgent payments via the TARGET 2 or EURO 1 payment systems.

EU banks worried about 'unrealistic' instant payment deadlines

/payments

EU banks worried about 'unrealistic' instant payment deadlines

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

EU adopts instant payments rules

/regulation

EU adopts instant payments rules

The European Council has adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

MEPs nod through ten second instant transfer rules

/payments

MEPs nod through ten second instant transfer rules

The European Parliament has adopted new rules to ensure transferred funds arrive within ten seconds into the bank accounts of retail customers and businesses across the EU.

TrueLayer first to participate in SEPA Payment Account Access Scheme

/payments

TrueLayer first to participate in SEPA Payment Account Access Scheme

Open banking payments company TrueLayer was authorised to be the first to take part in the SEPA Payment Account Access Scheme (SPAA).

/payments

Paysera bank opens in Georgia

Paysera Georgia, a member of the Paysera Group, has commenced operations with the opening of its inaugural bank branch in Tbilisi. Having obtained a banking license in Georgia last year, the company is poised to provide a diverse range of financial services to the local community.

/payments

Form3 and Klarna partner for European payments

Form3, the cloud-native account-to-account platform, is delighted to announce it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy.

EU agrees game-changing deal for instant payments

/payments

EU agrees game-changing deal for instant payments

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

What should European Banks prioritise in their payments modernisation journeys?

/Sepa

What should European Banks prioritise in their payments modernisation journeys?

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Sepa payment schemes ISO 20022 migration delayed

/payments

Sepa payment schemes ISO 20022 migration delayed

The European Payments Council has postponed the migration of Sepa payment schemes to the 2019 version of ISO 20022 by four months, to March, after concluding that "at least two large Sepa countries" couldn't be guaranteed to make the original November deadline.

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