HOW can you use instant payments, as an individual customer?
There is no need to buy, install or register anything. The only condition necessary to take advantage of instant payments is for the service to be provided by your bank and by the bank of the.payment beneficiary.
You can use Instant payments:
From the internet banking platform;
From mobile devices (by mobile banking or other apps);
From the traditional bank counter,.if the banks are offering this option.
Instant payments are a fundamental innovation to be embedded in most services deriving from the Revised Payment Services Directive PSD2, Directive (EU) 2015/2366.
On October 8, 2015, the European Parliament adopted the European Commission proposal to create safer and more innovative European payments. The new rules aim to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments.
HOW can you use instant payments, as an individual customer?
There is no need to buy, install or register anything. The only condition necessary to take advantage of instant payments is for the service to be provided by your bank and by the bank of the.payment beneficiary.
You can use Instant payments:
From the internet banking platform;
From mobile devices (by mobile banking or other apps);
From the traditional bank counter,.if the banks are offering this option.
Urgent money transfers (instant) anytime during day or night, between relatives, friends, acquaintances (informal services payments)
Funds collection (splitting a bill for example)
Online payment of suppliers, without providing the personal data/account data
Payment of urgent taxes, duties, banking instalments, without being limited by the banks’ or PSPs’ regular business hours (bank cut-off time)
WHEN can you use Instant Payments?
Urgent money transfers (instant) anytime during day or night, between relatives, friends, acquaintances (informal services payments)
Funds collection (splitting a bill for example)
Online payment of suppliers, without providing the personal data/account data
Payment of urgent taxes, duties, banking instalments, without being limited by the banks’ or PSPs’ regular business hours (bank cut-off time)
Examples of situations where INSTANT payments can be used:
Instant payments in European landscape
Instant payments are a fundamental innovation to be embedded in most services deriving from the Revised Payment Services Directive PSD2, Directive (EU) 2015/2366.
On October 8, 2015, the European Parliament adopted the European Commission proposal to create safer and more innovative European payments. The new rules aim to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments.
