The latest edition of Oaklen Consulting's Industry Watch highlights advances toward greater use of instant payment.
In the United States, the FED, noting that private payment infrastructures were not moving fast enough towards an instant payment system available 24/7, decided, after consulting the market, to launch the "FedNow" infrastructure itself to meet this need. In this sense, it is following the same path as the ECB with TIPS (Target Instant Payment System)
ABE Clearing is promoting its Request To Pay (R2P) offer to meet the challenge of predictability of liquidity to be mobilized by the banks involved in the SCT Inst scheme. Indeed, ABE Clearing considers that without this, banks will not be in favor of developing services around instant payment. ABE Clearing's R2P solution is based on a messaging system that is independent of the settlement instrument (SCT, SCT Inst, ...) and the CSM (RT1, STET, TIPS, ...)
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