August 18, 2022 – The digitalization of commerce is at the forefront. Instant payments are becoming the norm, and with the arrival of open banking, new payment models are emerging to compete with card payments as the dominant online payment method. These drivers are underpinned by a constantly evolving regulatory regime mandating change and ongoing improvements with no end in sight. FIs need to modernize their payments infrastructures to stay compliant and create new customer value.

Bottomline commissioned this Impact Report to provide an overview of the major market infrastructure initiatives now underway for account-to-account payments in the European Economic Area and individual European markets (including the U.K.) and the implications of these changes for FIs and other stakeholders in the near to medium term. Aite-Novarica Group used a combination of existing research and expertise, and analysis of data from its data sets and reliable public sources, including the ECB, central banks, SWIFT, the Euro Banking Association, the European Payments Council, and other market infrastructures.

This 43-page Impact Report contains seven figures and 13 tables. Clients of Aite-Novarica Group’s Commercial Banking & Payments or Retail Banking & Payments services can download this report and the corresponding charts.

This report mentions Bottomline, Commerzbank, Deutsche Bank, DZ Bank, EBA Clearing, European Central Bank, European Payments Council, Nexi, Pay.UK, PSA AT, SIX Interbank Clearing, Stet, SWIFT, The Centre for Exchange and Clearing, and Worldline.