Broadridge launches new payments service 17 October 2024US Reporter: Clelia Frondaroli
Image: Pixel-Shot/stock.adobe.com
Broadridge has launched its Instant Payments Service to support real-money transfers on a 24/7 operating basis.
The service will utilise the Swift Alliance Gateway Instant (AGI) to facilitate and support payments messaging and processing. This is further said to enhance the continuous exchange of instant transactions to clients and financial institutions.
Broadridge maintains that the service also aligns with EU regulations, which mandates the facilitation of euro instant credit transfers.
Heidi Dittmar, head of Broadridge’s Swift services business and country head for Germany, comments: “This innovative technology stack enables businesses and individuals to benefit from instant payments across a variety of use cases, from payroll to refunds, enhancing both operational efficiency and customer satisfaction.”
Director of Swift product management at Broadridge, Kai Marzenell, adds: “Our Instant Payments service not only enables compliance with new EU regulations but also positions banks and payment service providers to capitalise on future innovations in the global payments ecosystem.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Pixel-Shot/stock.adobe.com 