Irish banks to launch instant payments across euro zone. Verification of Payee service will also be introduced for both SEPA Instant and standard SEPA payments.

Banking & Payments Federation Ireland (BPFI) is advising consumers and businesses to prepare for changes in how they send and receive money with the introduction of SEPA Instant Payments and Verification of Payee (VoP). As banks and payment service providers start rolling out SEPA Instant payments, personal and business customers will be able to make a euro payment within 10 seconds, 24 hours a day, any day of the […]
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