Payment Settlement News Today

NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.

Real-time payments’ momentum continues, and we explore how growing demand is driving the rapid expansion of instant transactions worldwide.

Swedish market participants are settling instant payments in Swedish kronor in the Eurosystem TARGET Instant Payment Settlement (TIPS), after a successful migration over the past weeks.

The Nordic region has been at the vanguard of innovation across payments for decades, but is that the case in 2024? NextGen Nordics 2024 - a leading conference led by Finextra Research held in Stockholm on 23 April 2024 - will procure an answer to this question from experts hailing from Denmark, Finland, Iceland, Norway and Sweden.

Central banks should internalize within their payment system oversight function a forward-looking and integrated approach to sustainable resource management, for instance, by adopting "circular economy" principles.

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Croatia, the 20th member of the euro area, is joining all TARGET Services.

Much is written about revolutionary developments in payments, but the reality of progress in such a complex area is that it is often evolutionary. Legislators, regulators, and industry...

Funds transfers between banks in the EU are effected through De Nederlandsche Bank (DNB) and the other central banks using a dedicated payment system: TARGET2

TARGET is juridisch gestructureerd als een veelvoud van betalingssystemen