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...
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...
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...
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...
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...
European rules around international bank account numbers (IBAN) are stifling innovation and creating a major barrier to fintechs, industry players have complained. 
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. ...
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...
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...
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...
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...
“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...
This week's payments industry news in brief from China, New Zealand, the UK and Pakistan.
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.
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...
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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