Bank payments will be affected by the international development towards Instant Payments.

Instant Payments (also known as real-time or immediate payments) are expected to become “the new normal” for financial transactions. Answering to the demand of consumers and retailers and the developing 24x7x365 economy many initiatives across Europe and the world have been started to speed up and extend the availability of traditional payment processing.

Payments Advisory Group is actively involved in the development of Instant Payments (scheme rules, clearing & settlement requirements, implementation guidelines, etc.) on a national and a European level, already working together in assignments with Payment Service Providers, Processors, and national and international payment associations.

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