Instant payments – the new normal?

Moderator:

• Gilbert Lichter

Speakers:

• George Evers, Immediate Payments Services Director, Vocalink

• Nicolò Romani, Head of Innovation Lab, SIA

• Luca Vanini, Global Head of Payments, UniCredit

• Jurgen Vroegh, Global Head Payments, ING Wholesale Banking

Instant Payments should enable a seamless

client experience of integrated offering of

goods, services, leisure and communication

The total package please!

Jurgen Vroegh,

Global Head Payments,

ING Wholesale Banking

Instant Payments should enable a seamless client experience based on

an integrated offering of goods, services, leisure and communication

And... we must reap the benefits catering

for an excellent client experience.

Will the ‘Instant Credit Transfer’

become the new normal? Yes!

Optimize the benefits of Instant payments

by using the opportunities of PSD2

Banks need to collaborate across Europe

Increase our pace on renewing the current

(x-border) infrastructure and compete on

the value added services, client needs

and client interfaces

Global and local heroes

are delivering value now...

OK for 99%

of our

clients

Easy

to use

Answer

to client

need

&

Instant Payments – the new

normal?

Luca Vanini,

Global Head of Payments,

UniCredit

Instant Payments

• Instant Payment = Payment (initially in Euro within Europe) executed in real-time

24/7. Amount limit among banks €15,000 expected to rapidly grow

• Instant payments to become common, substitute progressively urgent payments,

partly common SEPA credit transfers

• Instant payments expected to be widely used by Third Part Providers to offer

value-added services to consumers and corporates and steal customers away

from banks

• Instant Payment in real-time => can be an interactive experience between payer

and payee

• Peer-to-peer and social communication and information management services

to be enabled by Instant Payments

• Banks should focus on:

– joining forces for common and efficient Pan-European Instant Payment

infrastructure

– developing competitive IP-based communication and information

management services to keep consumer and corporate customers, enhance

profitability

Instant Payments – the new

normal?

Nicolò Romani

Head of Innovation Lab

SIA

Instant payments: the new normal?

• IP will be the “new normal” in the

European Payment Ecosystem;

• IP will definitively be the “new

normal” in Corporate payments

(B2B) in the next 6/8 years;

• In order to become the “new

normal” in the Daily Banking, IP

should address the Retail

payment as well (e/m commerce,

P2B, POS payments).

1

MARKET FORECAST

2

KEY SUCCESS FACTORSFOR IP RETAIL BANKING

1. “Real” immediate payments

(< 3,5 sec);

2. Business Model that can

remunerate all the actors of the

value chain.

Instant Payments – the new

normal?

George Evers

Immediate Payments Services Director,

Vocalink

Experience shows SCTinst will be the new normal with

control over infrastructure enabling success rate

100% available, 24/7, real time throughout the value chain

Highly scalable to adopt new volumes

Option to increase value limits to enable additional services

Add reach in Europe and think global to comply and create additional value

Increase messaging speed and options to deliver value add services to

customers

Ability to add flows and messages on top of SCTinst as well as overlay

services. Like alias proxy, bulk2ip, e/m/pos payments