Money Transfer

Instant Payments: Ensuring Euro Money Transfers Arrive Within 10 Seconds

On Wednesday, MEPs adopted new rules to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU. The new regulation aims to make sure that retail clients and businesses, especially SMEs, will not

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Swift Launches Instant 24/7 Cross Border Payments in Europe

Cross-border payments destined for Europe can now reach beneficiaries in seconds through seamless connection to instant domestic payment systems, with full transparency and end-to-end tracking powered by Swift. The European Payment Council’s One-Leg-Out Instant Credit Transfer scheme, which went live

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Banking in 2024: Global Challenges, Europe’s Focus, and Innovation Path

As the Roman poet Ovid once said, ‘A horse never runs as fast as when it has other horses to catch and surpass.’ This metaphor aptly captures the essence of today’s banking sector, where understanding market demands and competitor strategies

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Instant Payments Availability: European Parliament Reach Agreement

The Council and the European Parliament have reached a political agreement on the instant payments proposal, which will improve the availability of instant payment options in euro to consumers and businesses in the EU and in EEA countries. The new

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Bottomline Opens B2B Payment Network

Bottomline makes its B2B payment network available to approved financial institutions, fintechs and others looking to increase payment acceptance. This is the first time Bottomline’s business payment network has opened access to its proprietary Premium ACH supplier network. Partners can

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Thought Machine Partners With Form3 to Bring Real-Time Payment Technology to Europe

Thought Machine, the cloud-native banking technology company, announced it has partnered with Form3, a cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments. This partnership brings together two

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Instant Payments Is Booming: McKinsey Global Payment Report 2023

Usage of cash globally is decreasing at a consistent pace as electronic transactions, including those involving instant payments and digital wallets, are taking off, a new report by McKinsey shows. The 2023 Global Payments Report, released on September 18, shares

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Payment Incumbents Ramp up B2B Payment Innovation Efforts

Innovation in consumer payments has progressed tremendously over the past years, pushed by demand for more efficient and secure methods of paying for goods and services both online and cashlessly. But while digitalization has flourished in the consumer payment area,

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Klarpay Appoints New Deputy CEO

Klarpay announced the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus brings a wealth of experience and expertise to Klarpay. Markus

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Klarpay’s CEO Emphasizes On Developing a Digital-First Approach to Banking

We sat down with Martynas Bieliauskas, CEO of Swiss-licensed fintech Klarpay AG, to discuss the company’s approach to servicing global digital businesses with scalable cross-border payment solutions. A digital-first approach is of utmost importance in today’s banking landscape. With the

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