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European Central Bank castigates banks over instant payment fees 6 hours ago
8 The European Central Bank has warned that the charges levied by banks for instant payments are proving a barrier to uptake and must change . Speaking at a payments forum hosted by Finland s central bank, ECB board member Fabio Panetta notes that on the operational side, the Eurosystem has taken steps to ensure the pan-European reach of instant payments by the end of 2021 through the Target instant payments settlement service (TIPS).
Register for our latest webinar with FIS on Thursday 20 May 2021 at 15:00 BST as industry experts discuss Instant Payments: Bringing retail success to corporate banking