The Fintech Times

JANUARY 7, 2025

Enhancing security Some of these services are the Check IBAN, Name Check CBI and CBI Safe Trade, all designed to combat frauds and deliver greater security.Moreover, these solutions are fully in line with the Sustainable Development Goals (SDGs) identified by the United Nations 2030 Agenda.

Value Added Service

Fintech Finance

FEBRUARY 26, 2025

The agreements align BlockFills strength as a trading and liquidity provider with BCB Groups international fiat currency payment rails, further developing BlockFills client offering and expanding BCBs fast-growing instant payments network.

IBAN

Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

IBAN

Fintech Finance

OCTOBER 15, 2024

Developed by TRANSFOND, RoPay is an instant mobile payment initiation service that enables direct account-to-account transfers (A2A), utilizing technologies such as QR code scanning, deep links, NFC (contactless), or mobile numbers as proxies (aliases) for IBANs.

Instant Payments

The Fintech Times

FEBRUARY 28, 2024

The European Council has introduced new regulations to make instant payments fully available in euros to consumers and businesses in the European Union (EU) and European Economic Area (EEA) countries. Banks must soon enable file-based instant payments without surcharges for their business clients.

Instant Payments

Neopay

NOVEMBER 27, 2023

Under the planned rules, payment service providers, such as banks, which provide standard credit transfers in euro, will also be required to offer the service of sending and receiving instant payments in euro at no extra charge.

Instant Payments

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee

The Fintech Times

JUNE 13, 2024

Mostafa Menessy , co-founder and CTO of MENA-based fintech company, Paymob breaks down the different technological advancements and initatives that are enabling the MENA region to take such a front running position in fintech and payments development.

Instant Payments

Finextra

MARCH 18, 2024

A few days after the Instant Payments Regulation adoption by the Council of the EU, LUXHUB’s shareholders (Spuerkeess, BGL BNP Paribas, POST and Raiffeisen) are expressing today their support to the company’s Payee Verification Platform.

IBAN

Fintech Finance

JUNE 4, 2025

Kraken , one of the longest-standing, most liquid, and secure crypto platforms, has chosen Ivy as a new instant payment provider in Europe. Ivy’s payment platform is one of the de facto standards for European crypto leaders, offering crypto-native accounts, real-time deposits, withdrawals, and settlement in stablecoins.

IBAN

Fintech Finance

MAY 14, 2024

The partnership will see OpenPayd issue virtual IBANs to Wirex customers in 30+ countries across the UK and EEA. Customers will have access to the Faster Payments network in the UK and Single Euro Payments Area (SEPA) Instant payments for Euro-denominated deposits and withdrawals.

IBAN

Fintech Finance

MARCH 5, 2024

Through Banking Circle’s Agency Banking solution, indirect participants can issue accounts, using their own Bank Identifier Codes (BICs) and International Bank Account Numbers (IBANs) to send and receive payments. Using their own BIC and IBANs for payments presents the FI or PSP as the ordering party and their customer as the sender.

Innovation

Fintech Finance

APRIL 9, 2024

The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with its user community to take instant payments to the next level. EBA CLEARING’s Verification of Payee will be aligned with the respective scheme of the European Payments Council.

Payee

Fintech Finance

MAY 14, 2024

On 7th February 2024 the European Parliament[i] mandated that instant payments (in less than 10 seconds) should be the de facto standard for consumers and businesses in the SEPA zone, with a deadline set of 9th January 2025 to deliver this service.

IBAN

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee

The Fintech Times

OCTOBER 31, 2024

It requires that all payment service providers within the bloc offer 24/7 instant payments starting January 2025. In addition, account name and IBAN account number checks will be mandatory from October 2025 for Eurozone payment service providers.

Mitigation

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

Payee

Fintech Finance

JUNE 5, 2024

This includes assisting payment service providers (PSPs) in complying with the upcoming Verification of Payee regulation that will be instated by October 2025. iPiD provides an all-in-one node capable of responding to and requesting IBAN verification with thousands of PSPs across Europe. The post iPiD Closes Oversubscribed USD 5.3

Payee

The Fintech Times

MAY 23, 2024

In collaboration with ClearBank, Privat 3 Money introduces a multi-currency account, supporting transactions in EUR, USD, CHD, and CAD, all under a single IBAN. LGT will implement Finastra’s payment hub using a model bank implementation approach, to accelerate its readiness to meet the EU instant payments regulatory timeline.

FinTech

Fintech Finance

FEBRUARY 6, 2024

Astra Tech , the leading consumer technology holding group in the MENA region, announces its partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), for the launch of Aani —an advanced instant payment platform.

FinTech

Finovate

JUNE 7, 2024

The technology, available in six languages, offers international money transfers, P2P transfers, billpay, and a unique IBAN for each customer. Deutsche Bank forged a partnership with Bitpanda to help facilitate cash payments for German crypto traders. du launched its du Pay solution earlier this year.

Finance

The Fintech Times

JANUARY 9, 2024

Through this agreement, the pair will help financial institutions to deliver modern digital experiences faster and at lower cost and take advantage of new business models and opportunities such as instant payments and banking-as-a-service. This complements Andaria’s existing dedicated IBANs, business accounts and suite of services.

FinTech

The Fintech Times

APRIL 28, 2025

Through the service, SurePay ensures that each recipient’s name matches the provided IBAN in Denmark, helping to prevent fraud and payment errors. SurePay was an early mover in the Netherlands, introducing the IBAN-Name Check in 2017. ” SurePay is currently rolling out VOP in Belgium.

Payee

Fintech Finance

JUNE 2, 2025

This quota also reflects its ambition to become a super-correspondent bank for global B2B that removes barriers currently holding back market demand from European businesses for instant payment flows and enhances financial inclusion across the continent. ” The CHF solution is live now, with full commercial rollout underway.

Real Time Gross Settlement (RTGS)

The Fintech Times

JUNE 2, 2025

This quota also reflects its ambition to become a super-correspondent bank for global B2B that removes barriers currently holding back market demand from European businesses for instant payment flows and enhances financial inclusion across the continent.

Real Time Gross Settlement (RTGS)