Blog Posts Process Analysis

Banks have to Act: The EU is Redefining How Instant Payments are Handled

Blog: Actico - Blog

Instant payments refer to transactions made from one account to another, available 24/7 and completed within 10 seconds. From 2024 onwards, the European Commission aims to make such transactions mandatory for all payment service providers in the EU. Since sanctions list screening comprises just one part of the payment process, only a limited timeframe – between 500 milliseconds and one second – is available. What role must an IT system fill in instant payment sanctions screening?

Leave a Comment Cancel reply

You must be logged in to post a comment.

Get the BPI Web Feed

Using the HTML code below, you can display this Business Process Incubator page content with the current filter and sorting inside your web site for FREE.

Copy/Paste this code in your website html code:

<iframe src="https://www.businessprocessincubator.com/content/banks-have-to-act-the-eu-is-redefining-how-instant-payments-are-handled/?feed=html" frameborder="0" scrolling="auto" width="100%" height="700">

Customizing your BPI Web Feed

You can click on the Get the BPI Web Feed link on any of our page to create the best possible feed for your site. Here are a few tips to customize your BPI Web Feed.

Customizing the Content Filter
On any page, you can add filter criteria using the MORE FILTERS interface:

Customizing the Content Sorting
Clicking on the sorting options will also change the way your BPI Web Feed will be ordered on your site:

Some integration examples