Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. EBAday 2021: Will the European Council’s latest endorsement boost corporate instant payments? 2 hours ago 1 The European Council recently backed the creation of an integrated and instant system for retail payments, interoperable across all EU member states. While this update gives the Commission strong political mandate for pushing forward initiatives across these fields, the industry is yet to see supervisory attention given to the corporate sector with the same fervour. Adopting conclusions that respond to the Retail Payments Strategy presented by the European Commission in September 2020, the Council is pushing to ensure that market conditions for the development of EU-wide payment solutions are created to decrease the EU’s dependency on major global players in the area.