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EU agrees game-changing deal for instant payments

Neopay

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.

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

The Fintech Times

The regulation takes into consideration particularities of non-euro area entities. Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. This requirement will apply to regular transfers too.

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Wire Transfer vs Electronic Transfer

EBizCharge

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. What is an electronic funds transfer (EFT)? ACH transfers are common for low- or mid-value payments that don’t require immediate settlement.

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Taking The Good Of B2C Payments ? And Leaving The Bad ? For B2B eCommerce

PYMNTS

And you want to combine these traditional forms of payment with new payment technologies like bank cards, and PayPal , and other electronic payments.” ” B2B eCommerce platforms, he continued, “don’t want to only do bank cards, and don’t only want to do bank transfers. They want to combine them.”

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