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ECB: Consultation on TARGET Instant Payments Settlement (TIPS)
22nd Jun 2017 | Written by:
Elizabeth Munoz Perez
On January 9, 2017, the European Central Bank (ECB) launched a market consultation on the TARGET Instant Payments Settlement (TIPS). According to the ECB, TIPS seeks to “offer instant settlement...
EPC Publishes White Paper on Mobile Payments (Updated Version)
22nd Mar 2017 | Written by:
Elizabeth Munoz Perez
Following a public consultation, which was carried out between June 1, 2016 and September 1, 2016, the European Payments Council (EPC) has published version 5.0 of its white paper on mobile...
Europe: New SEPA Cards Standardisation Volume
2nd Mar 2017 | Written by:
On March 1, 2017 the European Cards Stakeholders Group (ECSG), the association promoting cards harmonisation in the Single Euro Payments Area (SEPA), published version 8.0 of the SEPA Cards...
ECB: Speech on 2017 Plans for Innovative Retail Payments Systems in Europe
10th Jan 2017 | Written by:
On January 6, 2017, Yves Mersch, a member of the Executive Board of the European Central Bank (ECB), gave a speech at the French Payments Committee conference on "Technological innovations in...
EPC Publishes New Versions of SEPA Scheme Rulebooks
25th Nov 2016 | Written by:
The European Payments Council (EPC) has published new versions of the SEPA schemes which are used by thousands of payment service providers in Europe. The new scheme rulebooks — SEPA Credit...
Challenger Banks ‘Held Back’ By SEPA Laws On Cross-Border Payments
3rd Oct 2016 | Written by:
European rules around international bank account numbers (IBAN) are stifling innovation and creating a major barrier to fintechs, industry players have complained.
Finland: Payments Statistics for 2015
1st Aug 2016 | Written by:
The Bank of Finland, the country's central bank, has published payment statistics for 2015, which show that the most popular payment instrument for that year was credit transfer. Some of the key...
Croatia: SEPA Project – The Migration Plan
27th Jul 2016 | Written by:
The Croatian National Bank has announced the successful work of the new National Clearing System (NCS) and the work of the new payment system EuroNKS for the calculation of payment transactions...
EPC Consultation on SEPA Cards Standardisation Volume
31st May 2016 | Written by:
The European Payments Council (EPC) and the Cards Stakeholders Group (CSG) have released version 7.5 of the SEPA Cards Standardisation Volume for a three-month public consultation. The first...
Croatia: Implementation of the European SEPA Standards
25th May 2016 | Written by:
The central bank of Croatia has announced the adoption of the SEPA standard by the National Clearing System (NCS), the payment system for the settlement of payment transactions in the country's...
EPC Eases Fears Over Instant Payments Regulatory Action
14th Apr 2016 | Written by:
Europe’s top payments industry body has said businesses that do not sign up to its real-time cross-border payments scheme by November 2017 will not face regulatory action, but risk being left...
The Revolution Will Not Be Decentralised: National Banks Fight Back
4th Mar 2016 | Written by:
“Blockchain will disrupt absolutely everything.” This is not the call of a man whose profession, along with the central banks he helps, is under threat, but an observation that the rules of...
Weekly News In Brief: February 5, 2016
5th Feb 2016 | Written by:
This week's payments industry news in brief from China, New Zealand, the UK and Pakistan.
ECB Wants Modernised Payment Rails
29th Jan 2016 | Written by:
A European Central Bank official has warned the financial industry that it must resolve issues at infrastructure level to avoid delays to its ambitious Europe-wide instant payments scheme.
‘SEPA For Cards’ Needed To Boost Industry, Says Senior Banker
22nd Jan 2016 | Written by:
Creating a single European payments area for card transactions is “the next logical step” but needs regulatory standardisation, technical interoperability and good security measures, a senior...
Blockchain Links To Cybercrime Overplayed, Legal Experts Claim
10th Dec 2015 | Written by:
Legal experts have dismissed claims crypto-currencies and blockchains coupled with reliance on “creaking technology systems” are enabling cybercrime within the banking industry, as a new survey...
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