Instead of a merger between the DTCC and LCH.Clearnet, that probably is more driven by the ego of people involved, a merger of post-trading infrastructures in the field of clearing/central counterparty services and in settlement services in Europe would make much more sense for the financial industry. This would mean a merger between Euroclear and...
30 April 2008
Why must the Central Bank drive the creation of such systems? What is needed, is strong support from top management in some of the banks involved These top managers must want a solution and drive its creation!
15 Jun 2023 05:01 Read comment
The limit of instant payment usage at the pont-of-sale is described as the merchant providing the customer with the IBAN to make the instant payment to. Request-to-Pay is described as the solution to this problem.But this only shifts the problem from one side to the other. Now the customer must provide the merchant with the IBAN ro which the merchant has to send the Request-to-Pay. Far simpler would be for the mercahnt to provide he customer at the point-of-sahe with a QR code containing all details for the instant payment to be made. The customer pick this QR code up in his mobile banking app and intiates an nstant payent to the merchant. This would be a simple and frictionless process.
26 May 2022 12:16 Read comment
Why didn't they consolidate the two from the outset?
14 Oct 2015 11:51 Read comment
Premkumar BhagwatsaranCEO at Ideal Invent PVT Ltd
James BerryCEO at Great Western Credit Union
Maysam RizviCEO at Elifinty
Alexandre KechCEO at The Global LEI Foundation
Franz BergmuellerCEO at AMINA Bank
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.