Recipient verification: one step further towards safer payments in the euro area
The Eurosystem has completed the exploratory phase of its Beneficiary Verification Service (VoP), a tool designed to enhance the security of euro...
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Santander and Iberpay pioneer cross-border instant transfers
Santander and Iberpay have exchanged the first international instant transfers based on the OCT Inst system, as recommended by the European Payme...
Portugal generalizes beneficiary verification and facilitates initiating transfers
Banque du Portugal has announced the launch of two new functionalities designed to enhance the security of credit transfers and direct debits, wh...
EBA Clearing well on the way to beneficiary verification
Pan-European payment infrastructure solutions provider EBA Clearing has taken advantage of the entry into force of the Instant Payments Regulatio...
BIS launches project on tokenization of cross-border payments
The BIS is embarking on a new project with the primary aim of digitizing cross-border payments. Currently supported by several central banks, the...
The city of Cannes adopts Open Payment
The public transport network of the city of Cannes, Palm Bus, has just signed a partnership with Littlepay, PSP at the origin of an infrastructur...
Swift improves its international payments system
SWIFT today announced a service that will allow banks to verify beneficiaries' account details before sending an international payment, elimi...
iBanFirst makes it possible to track international payments
FACTS The neo-bank iBanFirst is now generalizing a high value-added service for companies, namely the tracing of international payments. ...
International Payments: SWIFT Pilots Pre-validation gpi Payments Service
FACTS The interbank messaging network tests a new solution for pre-validating SWIFT gpi international payment.
DGFiP Expands Direct Debit-Based Payment Option
The French Directorate General for Public Finance (DGFiP) introduces PayFiP for public entities. This solution lets its users settle bills issued...
SEPA Standards: New Versions
The EPC releases an enriched version of its White Paper on mobile payments’ ecosystem. Taking into account the contributions of 17 representative...
Funds Transfers: KCS Transfer Launched
MONEXT and KCS Monetic have launched KCS Transfer: an international funds transfer service with a commission rate of around 6%. The service has b...
M-payment: S money Payment App Launched
The BPCE Group has just presented its new free mobile payment solution called S-money. The beta version of this app should be proposed startin...
Interbank fees: interchange on French direct debits to be halved
The French antitrust authority, Autorité de la Concurrence, has announced a commitment of French banks to reduce the main multilateral interbank ...
M-payment: Consultation on the EPC’s White Paper
The EPC has released the second edition of its White Paper on Mobile Payments for public consultation until 23 March. This enhanced version of th...
Processing: VocaLink Terminates SEPA Services and Launches Real-Time Mobile Credit Transfers
British processor VocaLink has decided to refocus on unique immediate payments. Its Euro CSM and SEPA services are decommissioned. It acknowledge...
Basel III: Collateral Impact on Banks Further Presence in Payments
Basel III regulatory standard requires that banks dispose of more liquid own funds. This may increase production costs of payment streams. In fa...
Mobile reader: Square valorised at 175 million euros
Jack Dorsey, Twitter's founder, announced that Square, his new mobile payment venture, raised 27.5 million dollars (about 20 million euros). This...
