On 26 February 2026 the Committee on Payments and Market Infrastructures (CPMI) published an updated set of harmonised ISO 20022 data requirements for enhancing cross-border payments, replacing the report it delivered to the G20 in October 2023. The document and technical annex recommend that payment system operators and participants align their ISO 20022 usage guidelines…
On 28 August 2026 the European Payments Council (EPC) confirmed that its 15 November 2026 end-date for the fully unstructured address format in SEPA scheme messages still stands. The confirmation landed one day after Swift said, on 27 August 2026, that it would extend the migration period for structured addresses in cross-border ISO 20022 payment…
On 27 August 2026 the Reserve Bank of Australia’s Payments System Board met and reported developments across four areas: it endorsed the annual assessment of ASX’s clearing and settlement facilities against the Financial Stability Standards, discussed progress on the account-to-account (A2A) payments roadmap, endorsed the proposed approach to consulting on the future role of the…
On 6 August 2026 the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) opened a voluntary survey asking electronic money institutions (EMIs) and payment service providers (PSPs) about their experience with the central contact point framework, and the window closes on 15 September 2026. The CSSF relayed the exercise to the Luxembourg…
On 7 October 2024 the reimbursement requirement in PSR Specific Direction 20 became live, and every payment service provider that sends a Faster Payments transaction from a relevant UK account acquired two obligations at once. The first is reimbursement: where an FPS APP scam claim is reimbursable, the sending PSP must reimburse the consumer subject…
On 14 July 2026 the Banque centrale du Luxembourg (BCL) confirmed it will take part in the European Central Bank’s digital euro pilot, joining the ECB and 18 other Eurosystem national central banks in a controlled test of a beta version of the digital euro. The same day the ECB named the 36 payment service…
A cross-border payment is held due to incomplete beneficiary information. The originator name is present, the amount is present, but the beneficiary field is a single block of free text that the receiving institution’s screening engine cannot parse into a name, a country and a town. The transfer is held, a customer complains, and an…
The pipes that move most of your domestic sterling payments are about to be redesigned, and the window to influence that design closes on 11 September 2026. In June 2026 the Retail Payments Infrastructure Board, an industry advisory board chaired by the Bank of England, opened a consultation on the design of the future UK…
Final settlement of many Australian dollar interbank obligations occurs across Exchange Settlement Accounts at the Reserve Bank, accessed through RITS. When RITS-related services are disrupted, some file-based payments and property settlements can miss normal processing windows. On 27 January 2026 that is roughly what happened, and the Reserve Bank’s 2026 RITS assessment, released on 19…
If your bank went live with Verification of Payee on 5 October 2025 and then quietly assumed the work was finished, the next eighteen months will surprise you. The scheme that PSPs built against is already moving. A version 1.1 of the rulebook is published, a version 2.0 is out for consultation, and the matching…