Tag: scheme
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EPC goes live with its OCT Inst cross-currency payment scheme
The European Payments Council (EPC) has officially launched its OCT Inst cross-currency payment scheme, revolutionizing the way international transactions are conducted. This new system offers a seamless and efficient solution for cross-border payments, providing customers with faster, more secure, and cost-effective transactions. What is OCT Inst? OCT Inst refers to the “Octobus transaction instant”…
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EPC publishes SPAA scheme’s default remuneration model
The European Payments Council (EPC) has recently released the default remuneration model for the Single Euro Payments Area (SEPA) Proxy-Addressed Authorization (SPAA) scheme. This highly anticipated move aims to establish transparency and standardization within the payments industry, providing insights into the remuneration structure for participants. Understanding the SPAA Scheme The SPAA scheme is designed to…
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NAKA launches self-custodial payment card/scheme
NAKA, a leading financial technology company, has introduced its latest breakthrough in the field of secure and self-custodial payment solutions. With the growing popularity of digital currencies and the need for enhanced security and control, NAKA’s innovative payment card/scheme aims to revolutionize the way cryptocurrency transactions are conducted. Over the years, the digital payments landscape…