The Central Bank of Iceland (CBI) has implemented a new real-time gross settlement system (RTGS) and instant payment platform that will allow it to manage up to 5m interbank, P2P, P2B and B2B payments a day. The introduction of the platform will mean “each transaction is on average processed in less than 40 milliseconds,” according […]

Read the rest of Central Bank of Iceland rolls out instant payments platform at NFCW.