Tag: Clearing & Settlement
Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants
Overview:Participants: Spanish banking giant Santander and payment services firm Iberpay.
Scheme: One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) by the European Payments...
BIS opens call to private sector participants for Project Agorá
Objective:Collaborate with private sector financial institutions to explore tokenisation in wholesale cross-border payments.
Develop a multi-currency ledger for cross-border payments using tokenised commercial...
Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub
Commerce Bank Modernisation Strategy:Commerce Bank, headquartered in Kansas City, has gone live with the FedNow instant payments service.
This is part of...
Inclusive instant payment system Higala launches in the Philippines
Introduction of Higala: Higala, an inclusive instant payment system (IIPS), has been launched in the Philippines to reduce the cost of real-time payments,...
Digital Asset’s Canton Network completes first trial with global banking heavyweights
The Canton Network, developed by Digital Asset Holdings, recently concluded a four-day pilot aimed at testing interoperable distributed ledger applications (dApps) leveraging blockchain...
Qatar Central Bank to enable instant payments with new Fawran service
Qatar Central Bank's Fawran Instant Payment Service:Service Launch:Qatar Central Bank is set to launch its new instant payment service named Fawran in...