IBAN, Instant Payments and Service Provider

EPC Selects Swift for the EPC Directory Service

Fintech Finance

JANUARY 21, 2025

The EDS wont store any personal data or IBAN, as it will only be used for routing purposes between business entities (PSPs and RVMs). Furthermore, the EDS will be used not only to support VOP scheme but also for all other EPC API-based schemes, such as the SEPA Request-to-Pay (SRTP) and the SEPA Payment Account Access (SPAA) schemes.

SWIFT

SWIFT Payee IBAN RFP

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

MARCH 4, 2025

The EUs Instant Payments regulations, taking effect in January 2025, will require all payment service providers in the bloc to offer 24/7 instant payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

Verification

Verification Risk Accounts Cross-Border Payments

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

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

IBAN Interoperability Payee Verification

Webinars

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CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

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

Payee Verification IBAN Cross-Border

European Council Rolls Out Instant Payments Regulations, Eyeing EU Single Market for Capital

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

Instant Payments Regulations Non-Bank Payments

EU agrees game-changing deal for instant payments

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

Instant Payments

Instant Payments Non-Bank Stablecoins IBAN

Paymob: Real-Time Revolution – How MENA is Leading the Rise of Instant Payments

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

Instant Payments Payment APIs and Integration ISO 20022 Payment Gateways

Banking Circle Delivers Innovative Agency Banking Service

Fintech Finance

MARCH 5, 2024

Banking Circle ’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. member, such as Banking Circle.

Innovation

Innovation IBAN Payment APIs and Integration Cross-Border Payments

Pan-European Verification of Payee Ready by December

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

Payee Verification Instant Payments Regulatory Compliance

LSEG Risk Intelligence Launches New Security Solutions to Mitigate Global Payments and Identity Risk

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

Mitigation Risk Global Payments Deepfake

iPiD Closes Oversubscribed USD 5.3 Million Pre Series A

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.

Payee

Payee Verification Cross-Border IBAN

This Week in Fintech: TFT Bi-Weekly News Roundup 23/05

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 Instant Payments Multi-Currency IBAN

This Week in Fintech: TFT Bi-Weekly News Roundup 09/01

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.

FinTech

FinTech Non-Bank Cross-Border Payments Embedded Finance

The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

DECEMBER 18, 2024

Over these years, CBI has developed several open banking and open finance services and achieved a variety of goals at national and international level. Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade.

Finance

Finance IBAN Fraud Prevention Interoperability

CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

JANUARY 7, 2025

In this regard, over the years, CBI has developed several open banking and open finance services. This service is compliant to new requirements and legislations, more particularly, the Instant Payment Regulation, which defines that Instant credit transfers need to be accompanied by a ‘Verification of Payee’ service.

Value Added Service

Value Added Service Finance Payee Cross-Border Payments

EBA CLEARING Launches SEPA-Wide VOP Solution

Fintech Finance

DECEMBER 12, 2024

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC).

Payee

Payee Verification IBAN End User

Payments Space

EPC Selects Swift for the EPC Directory Service

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

Webinars

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

European Council Rolls Out Instant Payments Regulations, Eyeing EU Single Market for Capital

EU agrees game-changing deal for instant payments

Paymob: Real-Time Revolution – How MENA is Leading the Rise of Instant Payments

Banking Circle Delivers Innovative Agency Banking Service

Pan-European Verification of Payee Ready by December

LSEG Risk Intelligence Launches New Security Solutions to Mitigate Global Payments and Identity Risk

iPiD Closes Oversubscribed USD 5.3 Million Pre Series A

This Week in Fintech: TFT Bi-Weekly News Roundup 23/05

This Week in Fintech: TFT Bi-Weekly News Roundup 09/01

The Evolution of Open Finance Through the Lens of CBI

CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

EBA CLEARING Launches SEPA-Wide VOP Solution

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