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The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/e4GhMTGj

The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/eCFfU-NY

The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/ee44BZ3s

The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/eq446ya8

The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/eaJbWKDa

Instant Euro payments ???? ?? On 26 February 2024, the Council of the European Union passed a regulation requiring payment service providers to offer instant payments for EU and EEA-based business and consumer customers. Adding the following requirements, payment and e-money institutions (PIEMIs) must also: ?? Very recipient IBAN and name to prevent fraud ?? Limit charges to standard fees for credit transfers ?? Observe appropriate safeguards and implement instant payments within a proper transitional period With instant payments becoming broader available in the Eurozone, the payments market is likely to open further and may begin to change the business environment for banks and credit card processes—companies that traditionally had a greater share of the market. ?? https://crypto-block.info/

The SEPA Instant Payments Regulation aims to revolutionize European payments by enabling real-time electronic transactions. The scheme has 62% coverage in the EU, but only 5% in Ireland. The regulation mandates all eligible institutions to support instant payments by January 2025, requiring significant technical upgrades and stringent security measures. It promises faster transactions, reduced costs, and better liquidity management, but also poses challenges like increased fraud and compliance needs. Learn more about SEPA Instant Payments Regulation here - https://lnkd.in/gw8ydhni

Taking Payments Global? Simplifying Currency Conversion & Methods Congratulations! You've expanded your business internationally, but navigating international payment methods and currency conversion can be tricky. Here are some key things to consider: 1. Accepted Payment Methods: Research popular payment methods in your target markets. Popular options include credit cards, debit cards, and digital wallets. 2. Currency Conversion Fees: Be transparent about transaction currency conversion fees. Offering multiple currencies can simplify your customers' buying process. 3. Secure Payment Gateways: Partner with a reputable payment gateway that offers robust security features and fraud protection. 4. Compliance with Regulations: Understand and comply with international payment regulations to avoid any issues. Pro Tip: Clearly displaying accepted payment methods and estimated conversion rates on your website builds trust with international customers. Feeling unsure about international payments? Comment below with your questions and let's discuss solutions! #internationalpayments #ecommerce #currencyconversion #globalbusiness

On the 23rd?of July 2024, the European Commission published "Clarifications of requirements of the Instant Payments Regulation". The document provides much-needed clarity on several pressing issues for the industry and addresses major changes and challenges payment service providers face. ? To save you from reading 203 questions across 82 pages, RedCompass Labs and Kjeld Herreman has highlighted the most impactful updates for banks and financial institutions: https://lnkd.in/dz5CfAUQ #InstantPaymentsRegulation #Payments #FourTwoOne

Ponto único de acesso a #registos #bancários || Single access point to #bank #account #registries - new proposal to amend Directive (EU) 2019/1153 The Directive, which took effect on 9 July 24, aims to enhance cross-border cooperation and access to #financial #information for law enforcement authorities to track and #confiscate the proceeds of #crime. ????highlights: - Single access point: Creates a centralised system overseen by the #European #Commission to provide access to bank account registries across #EU member states. - Access to financial #transactions: Financial institutions are required to share transaction records, including bank statements, in a harmonized format to facilitate #criminal #investigations. - Enhanced access: #Law #enforcement will have the same level of access to financial records as Financial Intelligence Units (#FIUs). - #Cryptoassets: The directive includes provisions for accessing records from crypto-asset service providers (#CASP) and financial institutions, expanding the scope of international cooperation in #combating financial crimes. ????Next step: Member States have until 10 July 2027 to enact the appropriate legal provisions required to comply with this directive. #AML #branqueamento #Transparência #SingleAccessPoint #BankRegistries #CryptoAssets #DataProtection #FinancialInvestigations https://lnkd.in/dAui8J9Z