Remove IBAN Remove Instant Payments Remove SWIFT
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EPC Selects Swift for the EPC Directory Service

Fintech Finance

The European Payments Council (EPC) is pleased to announce the start of the delivery project for the EPC Directory Service (EDS), after selecting Swift as supplier for the development and operations of the EDS and after signing an agreement at the end of 2024.

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SurePay Partners with Swift to Bring Confirmation of Payee Solution to Banks Across the Globe

The Fintech Times

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.

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

The Fintech Times

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.

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Banking Circle Helps Smaller Banks Fast-Track to Comply With EU SEPA Instant Mandate

Fintech Finance

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.

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Banking Circle Delivers Innovative Agency Banking Service

Fintech Finance

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.

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Surepay Joins Temenos Exchange to Expand Access to Verification of Payee and Confirmation of Payee

Fintech Finance

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.

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

The Fintech Times

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.