Worldline Financial Services’ Post

📢 I am proud to announce that Worldline has signed a contract with GarantiBBVA International N.V. to implement its cloud-based instant payments solution. 👏 The collaboration between Worldline and GarantiBBVA International N.V. is a significant stride towards digital transformation. By implementing a cloud-based instant payments solution, GarantiBBVA International is not only ensuring compliance with EU Instant Payments regulations but also enhancing operational efficiency. This partnership underscores the importance of adapting to industry standards, especially for mid-size banks with distinct needs. Worldline's tailored solution is a testament to the evolving landscape of banking, emphasizing the value of streamlined processes and technological advancements in the financial sector. Read the PR for more information #payments #Worldline #instantpayments

SEPA Instant Credit Transfers (#SCTInst) have huge potential. However, adoption still lags at 18.88% as of Q2 2024, according to the European Payments Council (EPC). Since the introduction of SEPA Instant Credit Transfers in 2017, the payment landscape has been rapidly evolving to meet demands for speed, accessibility, and cost-efficiency in transactions. But with new regulations by the European Commission in place, the door is now open for a major shift. Adoption is expected to accelerate significantly, enabling a seamless and modernised payment environment across Europe. Read BNP Paribas' information leaflet and gain an in-depth understanding of the upcoming changes in SEPA Instant Payment regulations and its impact on real-time transactions: https://lnkd.in/eNcyyFaK #InstantPayments #SEPA #Regulation #BNPParibas #PaymentInnovation #ProudlyCash

If you make or receive payments in Europe, you should definitely know about SEPA. SEPA Credit Transfers are a quick and cost effective way of making Euro payments to any of the 36 countries in the Single Euro Payments Area (SEPA). With access to SEPA, sending money across Europe feels as easy as making a domestic transfer. With the support of a dedicated payment specialist like ValorPay and access to our best-in-class technology, moving money in Europe becomes seamless. If your business, big or small, makes payments in Europe - and you would like more details on what we can do to help - reach out via support@valorpayonline.com #FinTech #Payments #Europe #SEPA

As you probably know, the Instant Payments regulation has been published in the EU Official Journal on 19 March 2024 and the first requirements will apply as from 9 January 2025. Are you prepared? 📅 Join us for an in-depth session on Instant Payments hosted by the ABBL on Tuesday 23 April, from 9h00 to 12h30, followed by a light lunch. 🍽️ 🔍 Dive into: 📌 TARGET Instant Payment Settlement (TIPS) by ECB & Banque Centrale du Luxembourg 📌 Existing solutions from local banks & market actors 📌 "Verification of payee" solutions by service providers 🎙️ Featuring insights from: European Central Bank & Banque centrale du Luxembourg (BCL) · Banque Internationale à Luxembourg (BIL) · Banking Circle · Finologee · LUXHUB · Sopra Banking Software · Spuerkeess · SurePay · Swift · Worldline Don't miss this opportunity to stay ahead in the world of Instant Payments! Share this invitation with your colleagues responsible for instant payments projects. 👉 Register now: https://lnkd.in/eF43kjDC #InstantPayments #ABBL #EURegulation #Banking #Finance #Event

💶 What is SEPA Instant? 🌍 Instant Payments, Endless Possibilities SEPA Instant enables immediate euro transactions across Europe, 24/7, from anywhere. With Iberbanco, your payments are as fast as your business needs them to be—anytime, anywhere. Unlock the power of instant payments with SEPA Instant. #SEPAInstant #EuroTransactions #InstantPayments #IberbancoAdvantage #GlobalFinance #SeamlessTransfers

Real-time payments are breaking barriers globally, with major developments in cross-border connectivity and domestic adoption in Australia, Europe, Kuwait, India, and Southeast Asia. The latest “Real-Time Payments World Map” with The Clearing House examines the surge of instant transactions worldwide: https://lnkd.in/ezTHi9Aj

The Bank for International Settlements – BIS is moving forward with Project Nexus, linking real-time payment systems in India, Malaysia, the Philippines, Singapore, and Thailand. This will simplify cross-border transactions and set unified business rules. In contrast, the US struggles with interoperability between FedNow and RTP from TCH. How will these two competing visions impact the future of instant payments? Gareth Lodge, Principal Analyst on our Corporate Banking team, shares his thoughts > https://bit.ly/4cGZkZK #FinTech #InstantPayments #GlobalFinance

In the Single Euro Payments Area, the SEPA Payment Account Access (SPAA) initiative is reinventing the way banks and third-party providers (TPPs) communicate. Through API standardisation, SPAA promotes innovation and improves consumer convenience while guaranteeing strong data security by enabling banks to share payment account data with TPPs safely and for a fee. At Ximedes, we help banks and PSPs create and implement standardised APIs that comply with Berlin Group standards, EBA and PSD2 laws, and SPAA specifications. Read more about the next big thing in Open Banking in our latest blog: https://lnkd.in/eCAGAzxs #OpenBanking #SPAA #Fintech #SEPA #APIs #Ximedes

Spain's Iberpay and Santander are the first participants in the European Payment Council's new OCT Inst scheme for faster international account-to-account payments. The OCT Inst (One-Leg Out (OLO) Instant Credit Transfer) scheme is set to transform the landscape of international payments by bringing the benefits of Sepa to a global scale. Designed to facilitate incoming and outgoing international instant account-to-account based credit transfers, OCT Inst promises faster execution of payments, increased transparency on costs, and improved traceability of payment statuses. Although the scheme went live in November, the postponement of ISO20022 migration for all Sepa schemes meant a replanning of operations by Payment Service Providers (PSPs) and Clearing and Settlement Mechanisms (CSMs). Now, Iberpay is ready to serve as the first CSM for OCT Inst transactions via Santander, while also participating in the scheme as a processor. (Image by Fintech Magazine) #Payments #Fintech #Innovation #InternationalPayments #OCTInst #Sepa

The question for Banque Internationale à Luxembourg (BIL) was: what is the best route to developing new services and bringing them to market? As the oldest bank in Luxembourg, BIL had accumulated 30 years of layer upon layer of legacy technology. This compromised the bank’s ability to innovate. BIL decided to go for a 'big bang' deployment, launching Temenos #corebanking, #payments and #wealth technology on the same day. Learn how this project made BIL more customer-centric across its retail, corporate and private banking business lines here: https://lnkd.in/eBkDQ86z #VoiceOfCustomer