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    International bank account number (IBAN)

    News about International bank account number (IBAN).

    European Central Bank to develop P2P service

    February 4th, 2016

    The European Central Bank is working on a system that would let consumers transfer money to each other based on a phone number or email address. “Immediately after transfer, the money is in the account of the receiver, regardless of the bank of the receiver or where he lives,” RTL Z reports. “Thanks to this system, you no longer have to remember your IBAN [international bank account] number or enter the recipient’s IBAN number.”

    SIA offers Europeans instant P2P payments with Jiffy

    October 27th, 2014

    Payment processor SIA has launched a peer-to-peer payments service that lets users send and receive money in real-time with their smartphone. Based on the Sepa Credit Transfer scheme, Jiffy is available to all banks operating in… More