Re: For information: BIS/CPMI report on fast payments

Regarding mobile numbers and real time, take a look at Zelle (ClearXChange)

On Wed, Nov 9, 2016 at 4:18 PM, Adrian Hope-Bailie <adrian@hopebailie.com>
wrote:

> Thanks Jurgen!
>
> For me the thing that stands out is the South African system. It has been
> in place for a decade and if you read that report you'd think all retail
> payments in South Africa are probably done in real time, but you'd be wrong.
>
> For me the report illustrates how the technical solution is only halve of
> the challenge.
>
> Real time clearing has been technically possible between the major banks
> for 10 years but the way it is priced and positioned relative to regular
> EFT (which clears in T+1) has meant that very few people use it and it
> certainly hasn't had the massive impact on innovation that the report
> suggest it should have.
>
> For the majority of South Africans that wish to make a payment to someone
> or some company they'll use regular EFT (often free) and request that their
> sending bank send a proof of payment to the payee. For many payees this is
> sufficient proof that they can deliver goods or the like even if the funds
> have not cleared in their account yet.
>
> I am also skeptical about the grid that suggests payees can be addressed
> by their mobile number. That is not interoperable between banks in SA. Each
> bank has a solution and if you send to an account holder at another bank
> they usually have to cash that out at the sending bank's ATM.
>
> On 9 November 2016 at 14:32, j.j.spaanderman@dnb.nl <
> j.j.spaanderman@dnb.nl> wrote:
>
>> For your information: the BIS Committee on Payments and Market
>> Infrastructure delivered a report on fast(er) payments, describing the
>> central bankers view. See http://www.bis.org/press/p161108.htm
>>
>>
>>
>> Best regards,
>>
>> Jurgen
>>
>>
>>
>>
>>
>>
>>
>> Jurgen Spaanderman
>> Senior Policy Adviser
>>
>> [image: cid:1__=4EBBF473DFD433BF8f9e8a93df93869091@local]
>>
>> Division
>>
>> Cash and Payment Systems
>>
>> Market Infrastructure Policy
>>
>> T +31 20 524 5716
>> M +31 6 524 96653
>> E  Jurgen.Spaanderman@dnb.nl
>>
>> Postbus 98
>> 1000 AB Amsterdam
>>
>>
>>
>>
>>
>>
>>
>>
>>
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