Central Bank of Aruba contracts equensWorldline to bring Instant Payments to the island
The Central Bank of Aruba (CBA) contracted equensWorldline to provide a new central infrastructure replacing the current CBA clearing & settlement system.
With the implementation of the new Instant Payments CSM, Aruba will leapfrog to Instant Payments by completely switching from traditional payment processing to the new Instant Payments infrastructure per January 2019.
Open banking requires enhanced security such as SCA
By Eric van Vuuren
Under PSD2, the Regulatory Technical Standards (RTS) for Strong Customer Authentication (SCA) require that one’s identity has to be verified by at least two independent options in order to perform a payment.
What is SCA and why is it necessary for banks to enhance their security? What’s the responsibility of banks in this respect? And how can banks build trust in a PSD2 world?
We believe that Instant Payments will become the new normal, and that Instant Payments are going to revolutionize the way Europeans pay. At first it will start to develop among individuals for person-to-person (P2P) payments. But ultimately, Instant Payments will be introduced in a wide range of use cases.
equensWorldline developed four Instant Payment use cases, from solutions for consumers (P2P and online) and merchants (point-of-sale), up to solutions for corporates (optimized liquidity and cash management).
In this video Mark Munne, Senior Product Marketing Manager at equensWorldline, explains how equensWorldline is taking Instant Payments beyond the obvious. He briefly explains some possible use cases: from P2P and online, to POS terminal solutions and corporate cash management.
A deeper insight in the challenges of instant payments
Instant Payments is a fundamental development in the payments industry and – together with PSD2 – will have a significant impact on every player involved. We provide a deeper insight into some crucial aspects of Instant Payments, including interoperability, use cases and technical challenges.
Are you looking for convenient and cost-efficient solutions for PSD2 and Access to Account? We help banks and TPPs to become compliant providers of XS2A services and we enable them to seize the opportunities PSD2 brings along.
The Payment Services Directive 2 - or PSD2 - is one the most radical pieces of legislation aimed at the payments industry and the banking sector since the aftermath of the global financial crisis. What are the challenges and, more importantly, what are the opportunities?
As pan-European leader in payments and transactional services, equensWorldline invests extensively in new and innovative solutions for payments and cards transactions. This allows our clients to cater for their shifting needs and the increasing demands of their customers. And to get ready for the future. Interested what we can do for you?
This whitepaper focuses on one of the biggest issues for banks – the new regulations around Strong Customer Authentication (SCA).
We explore how banks can go beyond simple compliance to build trust and create a smooth experience for all their customers. Don’t miss the insights provided by this whitepaper for banks!
Benefit from our flexible deployment options and choose on demand: Software licensing, hosting, operational processing of your application or full BPO services.
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