10 SEPA Instant Payments Scheme Benefits by the EPC

The European Payments Council unveiled a pretty cool infographic today highlighting the “Top 10 Benefits of the SEPA Instant Credit Transfer scheme”. Below is the SEPA Instant Payments infographic, but i wanted to quickly summarise the key benefits: Payments completed in less than 10 seconds SEPA Instant Payments available 24-7-365 Maximum value of €15,000, to ...

SCT Inst – Instant EUR Payments from 21-Nov-17 – Woohoo! 1

We’re less than 2 months away from instant EUR payments within the Single Euro Payments Area. While i was reading up on the SCT Inst scheme, i came across a couple of pretty cool and informative SCT Inst infographics that i thought i would share with you. First a quick rundown of SCT Inst: SCT ...

What The Heck Is A Payment Hub..? 4

I have been on a mission the last week to find out one thing, what the heck is a payment hub? The question is simple enough. But there is no straightforward answer. In this post i share some of my payment hub findings. Keep in mind that my inquiries around a payment hub are with ...

EU Euro Payments Must be SEPA Compliant by 31 Oct 2016 1

This blog has covered in depth the SEPA timeline for euro payments and direct debits, starting with the initial deadline (1st February 2014) and the 6 months grace period which culminated in the final (1st August 2016) SEPA deadline. So you’re probably wondering, what the heck is this euro payments to be SEPA compliant by ...

9 Things I Learnt & You Might Too About PGP Encryption 2

The Edward Snowden revelations have played a significant role in raising the profile of encrpytion over the last few years. That debate will clearly continue to run, but with heightened cyber security threats the use of encryption is something very relevant for corporates – particularly where payments are concerned. And it is with payment security in ...

11 Things You Need To Know About SEPA Instant Payments 6

Everyone wants everything instantly! Consumers are increasingly accustomed to instant payments through various mobile offerings, and there is a similar ‘instant’ expectation for non-mobile payments. In Europe that means SEPA Payments, hence the emergence of SEPA Inst Payments, or more officially the SEPA Instant Credit Transfer Scheme. Instant payments are clearly the flavour of the ...

SEPA Payments Will Fail on 1st May If You Ignore This

SEPA Payments for value 1st May will be delayed or worse still fail altogether – You’re probably thinking that’s quite a bold statement to make. Let me explain why in this question and answer post…. SEPA Payments Failing, Eh? What’s going on? 1st May, 2015 is a Labour Day Holiday in many European countries. More importantly, it ...

7 Reasons Why Your XML Payments Are Failing… 2

During the SEPA implementation, there was a common objective to develop and deliver the required SEPA XML payments format. Having gone through the PAIN (see what I did there?!) many corporates are now looking to utilise the ISO20022 format for other (non-European) payment processes that they may be running. After all it makes sense to get rid ...

Facebook Payments – 10 Things I Learnt 2

There has been an absolute avalanche of information about the recent Facebook press release confirming that in the coming months Facebook Messenger will enable users, in the US, to send / receive money. In this post I don’t intend to reiterate what’s already been said, but rather to share 10 things about Facebook and with it the ...

Real Time Payments Systems Around the World 8

Real time payments continue to hit the headlines. Just last week at the SWIFT Business Forum in New York Chris Church emphasised the continued demand from both businesses and consumers for real time payments. I have also been posting on the European journey in Immediate Payments not available anytime soon and Instant Payments in Europe. There ...