During Banking & Insurance Forum event, Ernest Püspök Business Development Director for Central and Eastern Europe at Worldline Financial Services, has deepened into the most relevant directions and trends in the payments industry, from which we expect further developments in the coming months and years. The first crucial element is the impact of the Instant Payment Regulation (IPR) which will make #instantpayments fully available in euro to consumers and businesses in the EU and in EEA countries. Another important transformation is the modernization of the current Payment Services Directive (PSD2) which will become #PSD3 complemented by a Payment Services Regulation (PSR), expected to enter into effect in 2026. Last but not least the Digital Euro project is also ongoing, which is currently in its preparation phase, including finalizing the rulebook and selecting the providers to develop the needed platform and infrastructure. If voted, paying with #DigitalEuro might become a reality around 2027. 🎥🎬Watch it here 👇🏻
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Marketing Manager | Marketing & BD Professional | Expertise in Banking, Financial Services & Fintech | Building Connections 🫱🏻🫲🏻Driving Growth🚀
🆕Do you want to discover more about the most relevant directions and trends in the #payments industry? 👇🏻🎬🎥Don’t miss these precious insights shared by Ernest Püspök, Business Development Director for Central Eastern Europe at Worldline Financial Services, in this video interview.
During Banking & Insurance Forum event, Ernest Püspök Business Development Director for Central and Eastern Europe at Worldline Financial Services, has deepened into the most relevant directions and trends in the payments industry, from which we expect further developments in the coming months and years. The first crucial element is the impact of the Instant Payment Regulation (IPR) which will make #instantpayments fully available in euro to consumers and businesses in the EU and in EEA countries. Another important transformation is the modernization of the current Payment Services Directive (PSD2) which will become #PSD3 complemented by a Payment Services Regulation (PSR), expected to enter into effect in 2026. Last but not least the Digital Euro project is also ongoing, which is currently in its preparation phase, including finalizing the rulebook and selecting the providers to develop the needed platform and infrastructure. If voted, paying with #DigitalEuro might become a reality around 2027. 🎥🎬Watch it here 👇🏻
Ernest Püspök, Worldline Financial Services #BF2024 #IF2024
https://www.youtube.com/
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Explore the transformative power of the digital euro and its impact on the future of money and payments. Dive into our latest interview for insights into its potential to reshape the financial industry. #Worldine #Worldiners #FinancialServices #DigitalPayments
𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝘂𝗿𝗼 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘀 𝗶𝘁 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗺𝗼𝗻𝗲𝘆 𝗮𝗻𝗱 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀? Explore the impact on the financial industry in this interview with @Patricia Battenberg, Head of Strategic Partnerships at Worldline. #DigitalEuro #ECB #CBDC #DigitalPayments #Worldline
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💷 What is CHAPS? 🛡️ High Value. High Security. High Speed. CHAPS guarantees same-day settlement in the UK for high-value payments, ensuring your transactions are both secure and swift. With Iberbanco, you can trust that your significant transfers are handled with the utmost care. Move your money with confidence using CHAPS. #CHAPS #HighValuePayments #UKBanking #SecureTransactions #IberbancoAdvantage #SameDaySettlement
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𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝘂𝗿𝗼 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘀 𝗶𝘁 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗺𝗼𝗻𝗲𝘆 𝗮𝗻𝗱 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀? Explore the impact on the financial industry in this interview with @Patricia Battenberg, Head of Strategic Partnerships at Worldline. #DigitalEuro #ECB #CBDC #DigitalPayments #Worldline
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2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs At #EBAday2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC, discusses the biggest changes to occur across the #crossborderpayments landscape in the next five years. While 90% of cross-border #transactions complete in 30 mins, the other 10% can be delayed, resulting in frustration and a lack of transparency. Robust change will be seen with #realtimepayments schemes opening up for cross-border payments. In turn, with #ISO20022 being mandated from November 2025, #banks in the world will be operating with enhanced data, standardised information, and #LEIs which will significantly enhance #STP and reduce costs. #Digitaltransformation through the use of #APIs will also bolster end-to-end connectivity, paving the way for value-added services offering increased transparency and verification with #ConfirmationofPayee. https://lnkd.in/eyDfiTeG #fintech #FinextraTV #finance #economy #money #innovation #future #trends #banking #financialinstitutions #HSBC #paymenttrends #datastandardisation #costreduction #innovation #endtoendconnectivity
2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs
finextra.com
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Don't miss out this insightful video interview about the #DigitalEuro!
𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝘂𝗿𝗼 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘀 𝗶𝘁 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗺𝗼𝗻𝗲𝘆 𝗮𝗻𝗱 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀? Explore the impact on the financial industry in this interview with @Patricia Battenberg, Head of Strategic Partnerships at Worldline. #DigitalEuro #ECB #CBDC #DigitalPayments #Worldline
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New technology and consumer adoption of digital real-time services is accelerating and the cross-border payments must keep at pace. In the latest @Citi GPS report on cross-border payments, we explore how it’s imperative for banks to continue innovating to service their customers and support ‘always on’ 24x7 payments. Take a read: https://lnkd.in/dy2WmsHj
As timely discussions about payments are happening at #Sibos 2024, Citi’s latest GPS report “Cross Border Payments 24x7: Faster, Simpler, Smarter,” takes a closer look at how the payments industry is evolving at pace to meet clients and consumers’ demand for ‘always on’ and 24/7 payments. More here: https://on.citi/48fQuk8
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Fellow at the Centre for Alternative Finance, Judge Business School, University of Cambridge. I chair our Digital Asset Research Programme, working with 18 major institutions around the world.
Congratulations to the RSN team for the publishing of the results of the latest PoC - a great achievement from all concerned. Some interesting takeaways for me: - Implementing CSD and CCP functionality in RSN partitions may ease the migration path from traditional market infrastructure to a Unified Ledger/RLN target state, but does it also reduce the ultimate transformative benefits? - Good to see the focus on interoperability with Swift and Mastercard MTN, and discussion on the trade-offs between interoperability vs integration, but what target state will industry consensus or regulatory direction lead us to? - The integration with TassatPay and Broadridge DLR is also great to see but begs a similar question on the level of balkanisation in a tokenised future state? - As shown in previous RLN/RSN phases, the need for a regulated, resilient FMI is very clear - who or what will step into this space? - Whilst potential benefits are highlighted and functional and non-functional requirements etc are flagged as next steps, the implementation and parallel running costs will be large, presumably driving a need for a pragmatic, quantitative assessment of business case for change at both industry and participant level? - The PoC includes simulation of tokenised central bank deposits but when might we see wCBDC in the wild, to what extent is there a chicken and egg problem between tokenised cash vs tokenised assets, and what form will wCBDC takemin practice? (More on this next week.. Link to reports in the comments.. Tony McLaughlin Yuval Rooz Nick Kerigan Rhiannon Butterfield Jana Mackintosh Lee McNabb #rln #rsn #wcbdc
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The 2024 ACI Worldwide #Scamscope highlights the rise in #APPfraud and the increasing financial strain it imposes on the global payments ecosystem. Discover the impacts and the potential consequences if measures are not taken to prevent #scams. https://aciw.co/4gbIjb4
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Partner / Financial Services Industry and Advisory Leader, Head of Sports Business Advisory, eSports and Immersive Tech
Request To Pay in the pan-European SEPA scheme In today's rapidly evolving digital payments landscape, the introduction of the SEPA Request to Pay (SRTP) framework has marked a pivotal milestone that promises to redefine the contours of European payment systems. This innovative mechanism, designed to enhance the seamlessness and efficiency of financial transactions between both, businesses and customers, highlights new possibilities of flexibility, security, and convenience in electronic payments. This and so much more in today's blog post by my colleagues Maximilian Harmsen, Robert N. and Martin Prikryl. #pwcconsulting #digitalpayments #payments #sepa #pwc https://lnkd.in/dpSSTZQb
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