Bank Frick has launched real-time euro payment services and Swiss franc receipt capabilities across the SEPA and SIC networks.

The service is particularly suited for platforms, crypto exchanges and e-commerce providers that require rapid fiat settlement to manage liquidity.

The new service is accessible through the bank’s online platform and API, allowing corporate clients to automate their payment flows.

Companies can also receive instant payments using virtual IBANs to streamline the reconciliation of incoming funds.

For euro transactions, the SEPA integration enables both the sending and receiving of funds across participating banks within the SEPA area.

These transfers are executed within ten seconds and process continuously, including weekends and public holidays. A transaction limit of 100,000 euros applies to SEPA Instant Payments.

For Swiss francs, the bank currently supports the real-time receipt of funds through Switzerland’s SIC payment system.

Outgoing instant payments in Swiss francs are not yet available. The service reduces delays associated with traditional payment processing cycles.

“In an increasingly digital economy, instant payments offer clear added value,”

said Nicolas Marxer, Head of Blockchain Banking Solutions at Bank Frick.

“Businesses gain faster access to liquidity, enabling them to optimise their business processes and improve the customer experience.”

Marxer noted that real-time transfers serve as a competitive advantage specifically for digital business models.

Retail customers will also see incoming payments reflected without delay, providing greater control over personal cash flow management.

Featured image credit: Edited by Fintech News Switzerland, based on image by swampfire via Magnific