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Show allThe EBA Instant Payments Practitioners Group (IPG) released a new note entitled “A match made in heaven? Key challenges for VOP matching checks”.
The note looks into pain points that may impact the accuracy and overall quality of the outcome of the VOP matching check – from the lack of a standardised name-matching logic to name field length restrictions and limitations re. virtual accounts.
The Euro Banking Association (EBA) and its Expert Group on Cross-Border Payments (EGXP) explain in a new white paper why OCT Inst is a promising approach and give payment service providers (PSPs) in Europe a handbook for how to get started with their own implementation. To meet the targets cost, speed, access and transparency set by the G20 Roadmap by 2027, PSPs should initiate their individual implementation planning immediately and join forces to kick off work on the necessary collaborative deliverables.
The EBA released an insight note by the EBA Digital Currencies & Smart Payments Working Group exploring use cases and implementation of conditional payments. The note also provides a market outlook.
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