Finextra

OCTOBER 23, 2024

Highlighting the role of AI, APIs, and blockchain in enhancing security and speed, while PSD2 and PSD3 drive open banking and consumer protection, the discussion focuses on innovations like embedded finance and instant payments that offer transparency and flexibility.

IBAN 64

IBAN Technology Embedded Finance Instant Payments 64

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 52

IBAN Accounts Payment APIs and Integration Embedded Finance 52

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 52

IBAN Multi-Currency Payments Instant Payments 52

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 52

Payee Verification Instant Payments Regulatory Compliance 52

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.

IBAN 52

IBAN Innovation Payment APIs and Integration Cross-Border Payments 52

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 59

Payee SWIFT Cross-Border Cross-Border Payments 59

The Paypers

SEPTEMBER 22, 2022

Germany-based digital bank N26 has announced that users who possess a Spanish IBAN will be enabled to use the Spain-based instant payment system Bizum free of charge.

IBAN 36

IBAN Instant Payments Payments 36

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 52

Payee Verification Cross-Border IBAN 52

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 52

FinTech Funds Transfer IBAN P2P 52

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 59

FinTech Non-Bank Cross-Border Payments Embedded Finance 59

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 59

FinTech Instant Payments Multi-Currency IBAN 59

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 59

Mitigation Risk Global Payments Deepfake 59

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 52

IBAN Checks Payee Instant Payments 52

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 52

Payee Verification Payment APIs and Integration IBAN 52

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 52

IBAN Payment APIs and Integration Instant Payments SWIFT 52

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 59

Finance Cross-Border Cross-Border Payments IBAN 59

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 69

Instant Payments Regulations Non-Bank Payments 69

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 105

Value Added Service Finance Cross-Border Payments Payee 105

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 98

Payee Verification IBAN End User 98

The Fintech Times

DECEMBER 18, 2024

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. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115