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A comment on European Payments Initiative (EPI). Parent comment

Re:European Payments Initiative (EPI) by the-dude on Thursday September 02, 2021 @11:29AM (#28393279)
I wonder what they'll do on weekends. Because Dutch banks for sure still have 'weekends'. I suspect it will be 24/5.
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Re:European Payments Initiative (EPI) by dtech on Thursday September 02, 2021 @11:57AM (#28393686)
Most Dutch banks have instant payments in between them for a couple of years [1]. Iirc I recently transferred money from ING to ABN and it was instantaneous in the weekend.

[1] https://www.rtlnieuws.nl/tech/artikel/4843376/instant-paymen...

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Re:European Payments Initiative (EPI) by the-dude on Thursday September 02, 2021 @12:12PM (#28393862)
One of the things I am aware of is the payout of the PIN-revenue to retailers, which are still not done in the weekends AFAIK.

The article mentions this, some Danish businesses switched away from PIN to direct payments, to get the funds immediately.

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Re:European Payments Initiative (EPI) by toyg on Thursday September 02, 2021 @12:21PM (#28393978)
UK banks also have weekends, but it's no big deal. Transaction are queued up and settled on Monday morning, but most systems know about them anyway; if your credit limit is 1000 and you pay 900 on a Saturday, your official balance is still 1000 but your available funds are shown as 100.
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Re:European Payments Initiative (EPI) by hestefisk on Thursday September 02, 2021 @11:58AM (#28393698)
It’s 24/7/365 like other instant payment systems.
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