<ul><li>Banks and payment service providers in the European Union must be able to receive instant payments by January 9.</li><li>The European Commission's Instant Payments Regulation has set two deadlines: receiving real-time payments by January 9 and sending real-time payments by October 9.</li><li>The regulation also mandates that charges for instant payments cannot exceed fees for Single Euro Payments Area (SEPA) transactions.</li><li>Compliance and technology challenges remain in terms of fraud prevention protocols and handling the demands of instant payments.</li></ul>

EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments

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