Principal | Payments Services Offering (FraBeLux) | Practice Lead Marketing & Digital (Be)
Instant Payments. If the target to reach is now clear, the how to achieve it can still be tricky for numerous PSPs. The increase in the maximum limit per transfer at the customer's request and “at any time” is causing those in charge of fighting fraud to break out in a cold sweat. Particularly in markets where such practices are not yet commonplace. Another source of concern is the end of the timeout period; If funds are available in the payer's account, the transfer order must be executed immediately, even if the amount exceeds the ceiling set by the PSP, for reasons of security or customer segmentation. How can this be brought into line with the (increasing) need to prevent Spoofing or other types of social engineering scams? Answer reside in multichannel Strong Customer Authentication and customer alerts (in app or push notification, by emails and even offline), but also in awareness, financial education and advanced behavior and transactions analytics in order to proactively identify abnormal use. The book is not yet finished, with many chapters still to be written.
SCT and SCT Instant, which rulebook apply ? With the publication on November 28th of the version 1.0 of 2025 Sepa Instant Credit Transfer Rulebook, the European Payments Council (EPC) is setting up the last brick in the Instant Payment landscape (at least until 2027). With the publication of the VoP (Verification of Payee) regulation in October, payment service providers now have a complete view of the target to be reached by November 2025.
