(IN BRIEF) BBVA has launched a new instant payments service that allows banks outside Europe to send funds to Spain in seconds, operating 24/7/365 with real-time settlement via Iberpay’s One-Leg Out Instant Credit Transfer scheme. Through its BBVA Directa platform, … Read the full press release
Posted in Banks, Business, Financial, Spain, Technology
Tagged AI in banking, BBVA, BBVA Directa, BBVA launches cross-border instant payments service enabling banks worldwide to send funds to Spain within seconds, BBVA strengthens global transaction banking with real-time cross-border payment solution for institutional clients, corporate treasury, cross-border payments, financial institutions, Global Transaction Banking, Iberpay, Instant Payments, OCT Inst, One-Leg Out Instant Credit Transfer, payment innovation, retail customers, SMEs, Spain, SWIFT GPI Tracker
(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release
(IN BRIEF) Switzerland launched instant payments on 20 August 2024, with around 60 financial institutions now able to process these transactions, covering over 95% of Swiss retail payments. Instant payments allow for immediate account-to-account transfers, 24/7, offering significant benefits such … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, International Trade, Internet & Online, Investment, Management, Marketing, News, Retail, Switzerland, Technology
Tagged financial institutions, Instant Payments, partnership, SIX, sustainability, Switzerland
(IN BRIEF) SIX and the Swiss National Bank have unveiled SIC5, the new generation of the Swiss payment system, which sets the stage for instant payments, enabling electronic customer payments to be processed 24/7 in a matter of seconds. Over … Read the full press release
Posted in Banks, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Financial, Instant Payments, investment, partnership, SIC5, SIX, sustainability, Swiss National Bank, Swiss Payment System
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