Payments interoperability across communities and currencies

CR2 2016-09-27T10:15:00.000Z

roomCode
CR2
Room
Conference Room 2
Date
-
Jeremy Light
Managing Director
Accenture
George Evers
IPS Director
VocaLink
Sylvain Debeaumont
Head of Division Market Infrastructure Management
European Central Bank
Bernard Wee
Executive Director
Monetary Authority of Singapore
Simone Del Guerra
Deputy Global Head of Transactional Sales, Global Transaction Banking
UniCredit S.p.A

Domestic real-time retail payments systems are offering reach and ubiquity in many smaller communities through indirect memberships and service hubs. In larger communities, such as the U.S. and Euro-zone, multiple operators are positioning their solutions. But the desire (or obligation within a single currency zone) to interoperate comes with new challenges: how can operators guarantee finality to each other within seconds? Can instant payment confirmations be returned instantly through multiple players? What is the role banks can play in ensuring interoperability?

Stream