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EBA Clearing preps Verification of Payee

/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.

EU banks worried about 'unrealistic' instant payment deadlines

/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.

EU adopts instant payments rules

/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.

MEPs nod through ten second instant transfer rules

/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.

TrueLayer first to participate in SEPA Payment Account Access Scheme

/payments

TrueLayer first to participate in SEPA Payment Account Access Scheme

Open banking payments company TrueLayer was authorised to be the first to take part in the SEPA Payment Account Access Scheme (SPAA).

EU agrees game-changing deal for instant payments

/payments

EU agrees game-changing deal for instant payments

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

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