Sanctions Screening for Instant Payments

How are Banks Preparing for the Instant Payment Obligation?

Instant payments refer to transactions made from one account to another, available 24/7 and completed within 10 seconds. In February 2024, the EU decided to make such transactions mandatory for all payment service providers in the EU and other countries.

By August 2024, the largest Swiss banks must be able to process instant payments, other banks should follow by 2026.

This brochure covers the following topics:

  • Instant payments: The fast version of the standard credit transfer
  • 500 milliseconds for sanctions screening
  • Payment Screening Software: Matching customer and payment data with sanctions lists
  • Matching algorithm: Rejecting suspicious payments
  • 5 reasons why banks choose ACTICO Compliance Solutions for instant payments sanctions screening

After submitting your data, you can download the brochure immediately.