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Ready in time for Instant Payments by outsourcing the back-office processing engine

eW blog article - Doing it yourself, buying or outsourcing? In 2019, it must be possible to process Instant Payment transactions real-time. However, many banks have not yet adapted their payment infrastructure, which means they risk not being ready for the introduction of Instant Payments in time. Outsourcing the back-office can help with this transition.

The challenges of (and the potential solutions for) processing Instant Payments

eW blog article - Low latency, 24/7 availability, connectivity and scalability. When it comes to processing Instant Payments, these are the four main challenges for banks and processors. Instant Payments will have a bigger impact than the introduction of the euro or even SEPA. Let us take a deeper look into four of the non-functional requirements of Instant Payments.

Instant Payments will have a bigger impact than the introduction of the euro or even SEPA

eW blog article - The payments industry is currently an exciting place to be, with market changing regulation such as PSD2 and a big push for Instant Payments, all happening at the same time. This definitely impacts the choices banks make. Both PSD2 and Instant Payments require banks to reconsider their current strategies, but in a different way.

Instant Settlement by the European Central Bank is the alternative for interoperability

eW blog article - The European Central Bank (ECB) officially announced on June 22nd that it will offer an Instant Settlement service, called TIPS (TARGET Instant Payment Settlement), starting from November 2018. The ECB aim is to ensure the demand for instant payments is met at European level and to further facilitate the integration of the euro area.