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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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Joseph Ibitola Head of Demand Generation at Flagright
European banks are bracing for a hit to their interest income as instant payments become mandatory across the EU. Under the new SEPA Instant Payments regulation, banks must process euro transfers within 10 seconds and operate 24/7/365. This means they can no longer rely on the traditional practice of holding customer funds overnight or over weeken...
4 hours /payments /regulation
As contactless payments become ubiquitous, fraudsters are evolving new tactics to exploit them. A Near Field Communication (NFC) relay attack is one such threat. It intercepts and relays the communication between a contactless card (or phone) and a payment terminal over a longer distance. In simple terms, an attacker uses a proxy device to “extend...
07 August 2025 /payments /crime
Retired Member
The UK payments landscape is undergoing a fundamental transformation, driven by technological advancements, regulatory initiatives, and evolving consumer and business expectations. The UK National Payments Vision sets out a roadmap for a more seamless, secure, and inclusive payments ecosystem, ensuring that the country remains at the forefront of ...
06 March 2025 /payments /sibos
Introduction As European banking institutions quickly face up to key 2025 events for SEPA Instant compliance, there is a growing sense of urgency developing across the region. The SEPA Instant framework aims to standardise euro payments across the Single Euro Payments Area, with key milestones shaping regulatory and technical landscapes for financ...
11 October 2024 /payments /regulation
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
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
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