INSTANT PAYMENTS

INTRODUCTION

Instant payments is all set to become new normal. As per FIS Global Payments Report, as of 2022, 60 countries globally have real-time payments infrastructure and 72 percent of the world’s population has, or will soon have, access to instant payments. Many markets are also replacing or enhancing their established real-time services with an objective to promote adoption, enhance security etc. 

 

In SEPA zone, every Payment Service Provider (PSP) that offers regular (non-Instant) payments will be expected to also offer Instant payments to all their clients at the same price. The regulators in EU have further mandated PSPs to offer verification of payee to ensure match between IBAN and Account Holder’s name. This service is to be offered for instant as well as non – instant SEPA payments. 

 

For both SEPA Instant Payments and Verification of Payee service, regulator have imposed a strict implementation timeline which necessitates PSPs to act now!

 

OUR PROPOSITIONS

We have been building our payment capacity and delivering payment consulting services to our clients in 16 locations across Europe, APAC, and the Americas. We can support your organization in following areas:
CONCEPT STUDIES & TRANSFORMATION PROJECTS ...
  • Implementation of regulatory requirements (e.g. Instant payments, Verification of payees)
  • Conducting gap analyses and preparing investment decisions
  • System change / introduction of new payment systems
  • Implementation and optimization of operational payment processes – client orders, payment compliance, liquidity management 
 
... ALONG THE ENTIRE PAYMENT VALUE CHAIN OF BANKS AND PSPS
  • Customer-2-Bank interface – retail and corporate clients 
  • Bank-2-Bank interface in clearing and correspondent banking 
  • Retail and corporate clients – overall payment and booking processes
  • Clearing – processing of clear­ing data, routing tables etc.
  • Payment compliance – Trans­action screening, monitoring
  • Liquidity Management
 
... ACROSS ALL PAYMENT TYPES & COMMUNICATION CHANNELS
  • SEPA payments (SCT, SDD COR/B2B, SCC, SVV, SCT Inst)
  • Card Payments (girocard, Visa, Mastercard etc.)
  • Cross-border, high-value and mass payments
  • Communication Standards (EBICS/ SWIFT)
  • Individual communication (e.g. file transfer, MQ)
 

SUCCESS STORY

How Capco supported the design of an instant payment solution for a Swiss payment provider

LEARN MORE
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OUR TEAM

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Jan Stüve

Partner Austria, Germany & Slovakia

Jan.Stueve@capco.com

Simon Eid

Partner, France

Simon.Eid@capco.com

Henning Gebert

Executive Director, Switzerland

Henning.Gebert@capco.com

Gunter Geysen

Partner, Belgium

Gunter.Geysen@capco.com

Paolo La Torre

Partner, Italy

Paolo.LaTorre@capco.com

Andrea Lo Solfo

Partner, Poland and Southern Europe

Andrea.Lo.Solfo@capco.com

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