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/payments

EBAday 2024: Prioritising innovation in embedded finance

At EBAday 2024 in Lisbon, the second half of day two kicked off with a riveting discussion on open banking and embedded finance.

/payments

EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Bank.

/payments

EBAday 2024: Turning European dialogue into solutions for the new payments era

Wolfgang Ehrmann, chairman of the board at Euro Banking Association (EBA) kicked off the first day of the 19th EBAday with a speech welcoming all delegates.

/payments

Iberpay and Santander become first particpants in EPC's OCT Inst scheme

Spain's Iberpay and Santander have signed up as the first participants in the European Payment Council's new OCT Inst scheme for faster international account-to-account payments.

/payments

EBA Clearing carries out pan-European request to pay PoC

EBA Clearing says its request to pay service is ready for commercial use cases after the completion of a pan-European proof-of-concept involving eight PSPs.

/payments

Tide partners with Adyen in German market

Tide has announced that it will offer business accounts in Germany, marking the beginning of the company's expansion into Europe.

/regulation

EBA Clearing preps Verification of Payee

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

/payments

EU banks worried about 'unrealistic' instant payment deadlines

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

/regulation

EU adopts instant payments rules

The European Council has adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

/payments

MEPs nod through ten second instant transfer rules

The European Parliament has adopted new rules to ensure transferred funds arrive within ten seconds into the bank accounts of retail customers and businesses across the EU.