Payments News

On The Web

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Global

EU Commission to Legislate for Full EU-wide Coverage of Instant Payments

“The European Commission is set to introduce legislation covering a digital euro and full EU-wide coverage of instant payments through Sepa Instant early next year. The bill will serve as the legal foundation for the European Central Bank’s ongoing technical work on the creation of a central bank digital currency. On instant payments, the proposed […]
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On The Wires

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Systems

Citi’s Instant Payments Now Available in 28 Markets and All Global Regions

“Citi’s Treasury and Trade Solutions (TTS) launches domestic instant payments in Brazil bringing its global footprint to 28 markets in multiple geographic regions. Usage of Citi’s instant payments platform has grown at an unprecedented rate, of over 100% growth in the last 12 months. With Instant payments, also known as real-time or immediate payments, funds […]
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Systems

ICBA Bancard and Finzly Partner to Offer Instant Payments

“Finzly , a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, today announced a new partnership with ICBA Bancard, the payments services subsidiary of The Independent Community Bankers of America (ICBA), to facilitate instant payments via Finzly’s Payment Galaxy, a payment hub for improved convenience, cash flow […]