EU Commission Mandate SCT Inst: How to choose the most efficient strategy and maximise on the benefits 2023 | BigMarker | 23 March 2023 | Webinar

This events will make instant payments universally available in euros within six months after said proposal is approved. We have no set date for enforcement, as the mandate has not been approved yet. Still, when it is, the timeline will dictate that PSPs need to be equipped to receive Instant Payments six months after the legislation is passed and be able to send Instant Payments a year after ratification. Therefore, it is expected that PSPs will need to be ‘live’ by 2025 at the latest.

This means that the strategic planning for these institutions should start now, not only because adding a new payment rail in itself involved at least a 9-month project, but also to ensure you achieve the following added requirements; that fees for these new instant payments stay in line with non-instant transfers and that you will have the functionality in place to match the international bank account number (IBAN) and the name of the beneficiary and verify clients against the EU sanctions list at least on a daily basis.

This webinar and our expert panel will look to solve the main barriers to adoption and also the next steps to build on the advantages that Instant Payments provides across your whole payments ecosystem.

2023 Speakers

PRESENTORS:

Fréderic Viard
Head of Strategy Instant Payments, Securities and Data & Analytics at Bottomline

Diederik Bruggink
Head of Innovation and Payments at ESBG-WSBI/European Payments Council

Melisande Mual
Publisher and Managing Director at The Paypers