Clearing and Settlement Mechanisms (CSMs) are the indispensable infrastructures to make Instant Credit Transfer ( Inst) transactions a reality. Seven CSMs have already announced they will be ready to handle Inst transactions in November 2017, when the scheme will start. This is a good omen for Inst, and shows that there is an interest of various payment communities to get ready to propose to their customers a new way to pay.
Eager to learn more about the CSMs’ preparation for the start of the scheme, we continue our series of interviews with key stakeholders. José M Beltrán, Director of Business Development at France-based STET, shares with us the key features of STET’s instant payment CSM, the impact Inst may have on the European CSM industry, and more.
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