D+H Moves European Instant Payment Testing To the Cloud

D+H Moves European Instant Payment Testing To the Cloud
27.03.2017 01:45 pm

D+H Moves European Instant Payment Testing To the Cloud

Payments , Cloud

DH Corporation (DH.TO) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it is offering a cloud-based instant payments testing environment for the European market.

The testing environment will provide simulated connectivity to EBA CLEARING's pan-European instant payment infrastructure solution, which is aimed at supporting European payment service providers in fully complying with the European Payments Council's SEPA Instant Credit Transfer (SCT Inst) Scheme. This environment will enable banks adhering to the SCT Inst Scheme to utilize D+H's web and mobile instant payments initiation channels and payment hub solution to experiment with and test instant payments quickly, easily and with low risk.

D+H's SCT Inst testing environment follows the launch of its U.S. testing environment, which offers simulated connectivity to The Clearing House's Real-time Payments System. The SCT Inst test environment will provide banks with simulated connectivity to the EBA CLEARING instant payment infrastructure, and accelerate their adoption of this new payment mechanism with minimal investment. Banks will be able to easily assess the benefits that instant payments provide, including enhanced operational efficiencies, access to new customers and increased competitive advantage.

Users of the test environment can also directly connect their own payment channels and apps utilizing D+H's open API layer. This enables banks to test compliance with PSD2 requirements and explore a wide range of PSD2 related use cases and business opportunities, including Payment Initiation Service (PIS) workflows for Account Servicing Payment Service Providers (AS-PSPs).

"D+H is applying its depth and breadth of experience working with instant payment schemes around the world to help European banks realize the benefits of instant payments, and quickly adopt solutions to enable real-time payments when SCT Inst is live in November," says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. "Our cloud-based testing environment offers banks a low-cost, low-risk way to explore the possibilities of 24x7 instant payments, and a natural migration path to full participation in the evolving instant-payments ecosystem."

Related News

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across... Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23%... Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to... Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers... Read more »

Digital Payments in Europe to Surpass $802bn Transaction Value This Year

The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have... Read more »

SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel