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Instant Payments

Standardised solutions for payments in real time

Payments in real time are currently the big topic in the payments field. Payments in Europe are about to experience another major upheaval. The implementation period has begun with the publication of the final regulation. The first solutions will be ready for the market at the end of 2017.

The topic of instant payments is being discussed worldwide and is establishing itself as a driver for innovative payment methods.

The following core aspects are being focussed on in Europe:

  • System availability: 24/7/365
  • Immediate availability at the payment recipient
  • Retail and P2P payments
  • Pan-European, interoperable standardisation
  • Clearing practically in real time
  • Single transactions instead of batch processing

Both the creation of a new infrastructure for instant payments and the comprehensive modification of existing payments systems will have profound effects on the European payments landscape:

  • The guarantee of 24/7/365 availability will involve far-reaching changes in the structural organisation.
  • In the medium term, KYC and AML services must be capable of performing analyses and making decisions practically in real time.
  • Clearing and all participating bank processes must be optimised and guarantee interruption-free 24/7/365 operation.
  • IT processes must be adapted because typical system conversions are no longer possible on bank holidays, and confirmations for received amounts as well as timeout messages must be generated.

Our services

  • Deep business knowledge in a team of payment specialists with more than 50 employees in Germany and Europe
  • Strategic consulting
  • Business concepts
  • Product integration management
  • Project leadership and project management
  • Test management and test performance
  • High level of expertise in e-banking products