New Opportunities, Lower Costs: Industry Gears Up For EU Instant Payments
As the European Central Bank gears up for the switch to a new instant payments …
Europol Sounds Alarm Over Open Banking, Instant Payment Fraud
European law enforcement authorities have warned that EU reforms obliging banks to open up customer …
Portugal: Instant Payment System Begins Operations
On September 19, 2018, Banco de Portugal, the central bank of Portugal, announced that SICOI, …
Singapore Hands Boost To E-Wallets With Direct Access Overhaul
Singapore’s regulator has handed a significant boost to its fintech sector, announcing that non-banks will …
US: NACHA Approves New Rules on Same-Day Automated Clearing House System
On September 17, 2018, the National Automated Clearing House Association (NACHA) announced the approval by …
Hong Kong: Monetary Authority Releases Implementation Guideline on Common QR Code and Announces Launch of Faster Payment System
On September 14, 2018, the Fintech Facilitation Office of the Hong Kong Monetary Authority (HKMA) …
Nigeria: Central Bank Publishes Circular on Instant (Inter-Bank) Electronic Funds Transfer Services
On September 13, 2018, the Central Bank of Nigeria (CBN) published Circular BPS/DIR/GEN/CIR/05/011, establishing the …
German Payment Blocking Complicated By Gambling Debt Ruling
A Munich district court has rejected a claim brought by a German bank against a …
Lithuania: Instant Payment System Launches Operations
On September 12, 2018, the Bank of Lithuania announced the launch of CENTROlink, an instant …