Swiss Payment Forum: Instant Payment about to be introduced
In Switzerland, large banks are to be able to introduce instant payments as early as August 2024. The EU Commission is going one step further and wants to make instant payments the "new normal" in the SEPA system. In addition to high availability, "instants" are to become more cost-effective, more trustworthy and easier to process.
Additional services such as the IBAN Name Check, which highlights discrepancies between the payee's name and the IBAN, are designed to reduce the number of errors in transfers. The introduction of instant payment is not trivial for banks and has far-reaching effects on their IT infrastructure.
Instant Payment is one of the main topics at this year's Swiss Payment Forum. While Christian Fink (van den Berg) focuses on the developments in the EU and Switzerland, Daniele Astarita (ACI Worldwide) gives an insight into worldwide instant payment projects and Patrick Juffern (INFORM) shows the security risks and risk assessment of financial service providers in the EU.
The two-day conference will also cover topics such as the latest payment technologies, including embedded payments and digital wallets, security standards in payments and sustainable finance. Furthermore, regulatory changes as well as trends in cryptocurrencies, digital payment options such as the digital Swiss franc and the role of payments in the metaverse will be discussed.
In over 10 years, the Swiss Payment Forum has established itself as an industry meeting place. As a central information and discussion event, the conference offers excellent opportunities to obtain information from various presentations and secure valuable contacts.
Source: www.swisspaymentforum.ch
