Tag: INSTANT PAYMENT

Instant payment

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1 – What does it mean?

It’s a new payment instrument available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of the transaction and crediting of the payee’s account with confirmation to the payer. (Definition of the Euro Retail Payment Board (ERPB)

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Uses of financial services in mobility: the wings of “real time”

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How do consumers perceive “real time”? How do banking establishments and new participants deal with the “real time” issues? What are the consequences on their organization?

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