The European Retail Payments Board, the European Payments Council and EBA Clearing are driving the implementation of a pan-European instant payments system. Within less than two years the new system (the messaging/clearing-infrastructure) is planned to be operational and ready for interested payment service providers to offer instant payments products on-top.

I am covering this exciting development together with some colleagues in a series of articles (to be continued – German only):
– Instant payments – the next big challenge for payment technology in banks since SEPA and PSD2
– Draft rulebook for SCT Inst published by EPC for public consultation – the next step