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Michael Schilder

All articles by: Michael Schilder

Instant payments with immediate availability of funds is the next step

Instant payments, person-to-person mobile payments and contactless payments; these are the next steps in retail payments, now the introduction of the Single Euro Payments Area (SEPA) was a success. That is, according to the Euro Retail Payments Board. The board decided to set up two streams: person-to-person mobile payments in euro, and card- and mobile-based […]

Real-time payments in Sweden: one million users and still counting

Real time is real time, according to Bankgirot, the clearinghouse responsible for the introduction of a real-time payment platform in Sweden. ‘Real-time payment’ refers to the money leaving one account in real time, appearing on the other account at the same time, being settled in real time, and then processed on the account statement in […]