In a recent publication the ECB looks for the holy grail of cross-border payments. According to the ECB the holy grail can be found at the central banks. This through the connection of different Instant Payment settlement systems or connections … Read More
The eurozone is all set to process instant payments on a massive scale. The ECB has reported that all clearinghouses in the eurozone are connected to TIPS. Instant payments are settled in the ECB’s system via TIPS. Recently, EBA Clearing … Read More
EU commissioner Mairead McGuinness announced in a tweet the intention to legislate on Instant Payments to accelerate their adoption across the EU. The Netherlands is indeed doing well with more than 1 billion transactions to date.The rest in Europe lags … Read More
“Automated clearing houses connect to TIPS”; (Website ECB, 14 December 2021). Another blockade cleared to make Instant Payments the standard payment method in Europe; the first ACHs are connected to TIPS. There is no longer any reason to consider Instant … Read More