The main changes this regulation includes are the following:

• Mandatory:

• Channels:

PSPs must offer instant credit transfer services in the same channels they offer for ordinary credit transfers (online banking, files, branches, etc.).

• Pricing:

The price of the instant credit transfer could not be higher than the price of the ordinary credit transfer. Fees may be charged for additional services.

📆 The application deadline established by the Regulation is January 9, 2025.

• Anti-fraud:

PSPs must offer their customers a service that allows them to prevent fraud prior to sending the payment, by verifying the name of the beneficiary of the account (name + IBAN code). 

📆 The application deadline according to the Regulation is October 9, 2025. 

• AML-CFT checks:

The obligation to verify each payment in real-time before it is sent is eliminated, but customers will have to be checked against the EU lists of sanctioned individuals and companies, at least once a day. 

📆 The application deadline established by the Regulation is January 9, 2025.

• PI and EMI access:

Payment Institutions and Electronic Money Institutions will be able to access the Payment Systems under the same conditions as Credit Institutions. 

📆 The maximum deadline for transposition of the affected Directives is April 9, 2025.

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