"EU Parliament: Green light for 10-second transfers at no extra cost
Direct debits are immediate, incoming payments can take a while. This is to be a thing of the past. The EU Parliament has cleared the way for EU-wide instant transfers at no extra cost. On Wednesday, it adopted a regulation that also sets out measures to protect against fraud.
The new regulation is intended to ensure that private customers and companies do not have to wait for their money and to increase the security of transfers. Transferred funds should reach the recipient's account within ten seconds, regardless of the time of day, the Parliament announced. The payer should also be informed within ten seconds whether the transferred amount has reached the recipient. The fees charged by a payment service provider for instant transfers in euros may not be higher than the fees charged for "non-instant" transfers in euros."
Wahl-Attorneys / Wahl
npub1ra…57hck
2024-02-08 17:15:40
Author Public Key
npub1rawahl0g933pffpwyznejmg7z9xcgry7uu9x776kfy97pvxl2a2s657hckPublished at
2024-02-08 17:15:40Event JSON
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"content": "\"EU Parliament: Green light for 10-second transfers at no extra cost\n\nDirect debits are immediate, incoming payments can take a while. This is to be a thing of the past. The EU Parliament has cleared the way for EU-wide instant transfers at no extra cost. On Wednesday, it adopted a regulation that also sets out measures to protect against fraud.\n\nThe new regulation is intended to ensure that private customers and companies do not have to wait for their money and to increase the security of transfers. Transferred funds should reach the recipient's account within ten seconds, regardless of the time of day, the Parliament announced. The payer should also be informed within ten seconds whether the transferred amount has reached the recipient. The fees charged by a payment service provider for instant transfers in euros may not be higher than the fees charged for \"non-instant\" transfers in euros.\"\n\n",
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