Instant, real-time or immediate payments. Whatever we call it, one thing is for sure - instant payments are here to stay. Central banks and regulators are moving from batchbased systems to instant payments, and opening these systems to other participant types. Also, banks and other Financial Institutions are embracing instant payments, seeing opportunities to provide their customers with new services.

Globally, more than 55 instant payment systems have been implemented and many more are expected to follow. But not all are seeing the growth in transaction volumes as anticipated. In the SEPA area, mandatory reachability via Target Instant Payments Settlement as well as the European Commission’s work around retail payment strategy and consultation to identify the remaining barriers for wider availability of instant payments clearly indicate the intentions.

At Worldline we can assist you with services to tackle both your solution issues and your business case. Our management consultants can assist you in building solid business cases based on development of use cases to fit your strategy. Examples of where we can find use cases together are often found within liquidity management/ optimization, improving fraud prevention/detection as well as data insights to personalize services or improve predictability.

Transforming your bulk files to instant payments – in a snap

As a new service for both our BackOffice Payments Processing or Automated Clearing House/Clearing and Settlement Mechanism services we have introduced the Bulk IP service, a minimally invasive solution.

Instead of replacing or changing your current applications we take your batch files containing multiple credit transfer payments and transform these to single instant payments.

Our first client, Commerzbank has been live with the BULK IP service since mid2020.