OVERVIEW
ABOUT IPC
The Instant Payments Council (IPC) is a dedicated organisation established to promote and drive the adoption of instant payments in Europe and the US. It serves as a central platform for collaboration, education, and innovation among key stakeholders in the instant payments ecosystem, including banks, payment providers, regulatory bodies, and industry associations.
The IPC has been created to address the need for a unified and coordinated effort to accelerate the adoption of instant payments across Europe and the US. Despite the availability of instant payment schemes and the efforts of various organisations, the adoption rate has remained relatively low. The IPC aims to change this by bringing together industry players and creating a common vision and strategy to overcome barriers and drive widespread adoption.
It plays a vital role in coordinating efforts, fostering collaboration, and driving the adoption of instant payments. By bringing together key stakeholders and providing a platform for shared knowledge and action, the IPC aims to transform the payments landscape and facilitate a faster, more efficient, and secure payment ecosystem.
It is also a premier destination for the latest news, trends, articles, and event updates in the field of instant payments. Join our esteemed group to stay informed about the most recent developments in instant payments and related topics.
KEY GOALS
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Convergence:
Promote the integration of Europe's leading instant payment systems like
SCT Inst, ECB's Target Instant
Payments Scheme, and EBA Clearing's RT1, aiming for a unified and harmonized community. Similarly, strive for coherence among key US instant payment systems—The Clearing House's RTP Network, Federal Reserve's FedNow Service—enhancing interoperability and functionalities.
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Foster Collaboration:Facilitate collaboration and cooperation among key stakeholders, including banks, payment providers, regulatory bodies, and industry associations, to drive the adoption and standardisation of instant payments.
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Drive Education & Awareness:Increase awareness and understanding of instant payments by organising webinars, conferences, and seminars that provide valuable insights, expert opinions, and best practices.
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Promote Innovation:Encourage innovation and the development of new instant payment solutions through industry partnerships, research initiatives, and knowledge exchange.
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Increase Adoption:
Work towards increasing the adoption rate of instant payments in Europe and the US by targeting specific regions, such as the Nordics, Baltics, and Dach countries, through dedicated webinars and educational campaigns.
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Influence Policy & Standards:
Collaborate with regulatory bodies and industry organisations to shape policies and standards that support the growth and interoperability of instant payments across Europe and the US.