As demand for faster payments increases around the world, financial institutions (FIs) in Europe are having to beef up investment in real-time data and payment processing infrastructure to meet the needs of their corporate clients. But it might take a while for those investments to...
For B2B eCommerce firms, options to easily process high-value online payments are few. “Cards are not made for that. We know that the average [limit] is around €1,500 and €3,000, so obviously [merchants] can’t use that in a business context,” Tarik Zerkti, CEO at Paris-based...
Cross-border B2B transactions — done in real time — are on the cusp of being as simple as domestic real-time payments (RTP). Russ Waterhouse, executive vice president for product development and strategy at The Clearing House (TCH), told PYMNTS’ Karen Webster that after months of...
Today in Europe, the Middle East and Africa (EMEA) news, The Clearing House (TCH), EBA CLEARING, and SWIFT are on track to begin piloting their transatlantic instant payment system known as Immediate Cross-Border Payments (IXB). Meanwhile, the day after the European Commission published a draft...
May 26, 2023
As demand for faster payments increases around the world, financial institutions (FIs) in Europe are having to beef up investment in real-time data and payment processing infrastructure to meet the needs of their corporate clients. But it might take a while for those investments to pay off in the liquidity management space, where Director of […]
February 13, 2023
For B2B eCommerce firms, options to easily process high-value online payments are few. “Cards are not made for that. We know that the average [limit] is around €1,500 and €3,000,...
October 12, 2022
Cross-border B2B transactions — done in real time — are on the cusp of being as simple as domestic real-time payments (RTP). Russ Waterhouse, executive vice president for product development...
October 06, 2022
The Clearing House (TCH), EBA CLEARING and SWIFT are on track to begin piloting their transatlantic instant payment system known as Immediate Cross-Border Payments (IXB), the three organizations stated today (Oct. 6) in a joint press release. First announced in April this year, the IXB pilot will leverage the existing real-time payment systems RTP® in […]
April 28, 2022
A pilot program for immediate cross-border (IXB) payments is being launched by EBA CLEARING, SWIFT and The Clearing House (TCH), garnering banking support from the U.S., the U.K. and western...
October 11, 2021
EBA CLEARING, SWIFT and The Clearing House (TCH) are collaborating on a new initiative, Immediate Cross-Border Payments (IXB), to speed up cross-border money transfers and make the process easier. IXB...
December 16, 2019
EBA CLEARING is launching a request to pay (R2P) solution in Europe and created specifications with the input of 27 financial institutions from 11 countries, EBA announced in a press...
