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Event Date |
Fri Apr 28 BST (over 7 years ago)
In your timezone (EST): Fri Apr 28 12:00am - Fri Apr 28 12:00am |
Location | Belgium |
Region | EMEA |
Instant payments are set to drive the most significant transformation in the global payments landscape since the introduction of today’s electronic payment mechanisms.
Customers these days expect to pay for and receive their purchases as fast as possible. Suppliers, on the other hand, wish to have the certainty to be paid as soon as they release their goods and services.
Regulators and central authorities are also aiming to modernise legacy payments infrastructure, promote digitalisation of the economy, and fair competition, through Instant Payments. In the Euro area, the ECB calls for the establishment of a pan-European instant payment solution, building on SEPA.
Mobile payments can become be an attractive alternative to cash payments if it can be executed instantaneously. In other use cases, instant payment execution will be an upgrade of existing electronic payment system and a platform for further service innovation.
In 2016 Kinfos Events identified the growing interest on this key topics, which would be industry’s next frontier. In 2017 we are launching world’s first focused conference-expo on this potent subject.
We aim to gather some of the key pioneers and stakeholders of Instant Payments Industry – who are currently driving this new momentum.
Join this event to obtain about latest insights about Instant Payments – SEPA Instant Credit Transfer (SCT Inst), Regulations, Deadlines, Investment costs, challenges and why its is mandatory, Key drivers of Instant Payments, benefits, possible business case and block chain technology with Instant Payments much more.
What Is Instant Payments?
‘Instant Payments’ as it’s named clearly means “paying or receiving payment instantly*”
Instantly* means within few seconds anytime – 24/7, 365 days
Instant payments also know as “Immediate Payments” or “Real time payments” have been dubbed as the “New Cash” of this era of digital payments as it works at least as fast as cash (if not faster than cash).
According to the ERPB, instant payments are defined as –
“An electronic retail payment solutions 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 (within seconds of payment initiation). This is irrespective of the underlying payment instrument used (credit transfer, direct debit or payment card) and of the underlying arrangements for clearing (whether bilateral interbank clearing or clearing via infrastructures) and settlement (e.g. with guarantees or in real time) that make this possible.”
Kristaps Puke
BDM CEE
Tieto
Marijke Koninckx
Product Marketing Manager
FIS
Mehdi Manaa
Head of Market Infrastructure Development
European Central Bank (ECB)
George Evers
Immediate Payments
Services Director
VocaLink
Mark Munne
Instant Payments SME
equensWorldline
Dr. Jozsef Czimer
Adviser to the CEO
Capsys Informatics
(Hungry)
Javier Santamaria
Chairman
European Payments Council (EPC)
& Senior Vice President
Banco Santander
Lorenzo Gaston
Technical Director, SPA
Stig Korsgaard
Chief Sales Officer
International Engagements,
Clearing Services
Nets A/S
Daragh Kirby
Director
INTERCOPE GmbH
Francis De Roeck
Head of SEPA offering
BNP Paribas
Begoña Sánchez
Head of Product Management
ING Belgium
(Chair – WG-Instant payments-
Febelfin)
Grzegorz Lenkowski
Director of Instant Payments
KIR / Express Elixir
Mark McMurtrie
Independent Consultant
Editor at InstaPay
Gijs Boudewijn
Chair PSC
European Banking Federation
Corinna Lauer
Director,
UniCredit Bank AG
FIS
Sopra Banking Software
Nets
Tieto
equensWorldline
Vocalink
INTERCOPE
OpenWay Ltd