First Pan-European Instant Payments go live with EBA and NEXI ACHs
November 2018:
The Eurosystem’s TIPS infrastructure is up and running, facilitating interoperability among the multiple ACHs having launched their EPC compliant SCT Inst scheme.
EBA RT1 was the first to go live with 17 Banks from 8 different EU countries. In Italy NEXI ACH is also live on SCT Inst.
It’s now the turn of the ECB, who has launched TIPS, the only system to allow direct settlement on central bank money.
Download the 10 top benefits highlighted by EPC’s infographic!
TAS Group is the financial hub technology provider chosen by SIA and NEXI for their Instant Payments Access Gateways, allowing banks to interconnect to the central ACH services of EBA RT1 and NEXI Instant Payments. More than just a protocol adapter, what PSPs need is a flexible solution able to adapt to existing legacy systems or to the sophisticated payment hub infrastructures they have invested in during past SEPA adaptation efforts. Discover more about TAS payment network solutions..
Customer expectations are driving the instant payments demand, and technological advances are ready to meet them. So why do many banks seem reluctant in adopting Instant Payments?
Impacts of Instant Payments
Gain insights on how banks can prepare in Banking Technology’s interview with Alain Vansnick, Head of Payments International Business.
Revolution in Payments and Opportunity for New Services
Defining a successful business strategy to ensure the necessary flexibility to adapt to fast changing scenarios is key to all payment industry players. Gain insights into key questions like:
