Dovetail claims Europe breakthrough on instant payments

Dovetail, a provider of payments and liquidity management services, has completed business-level flow testing with the EBA Clearing pan-European instant payment infrastructure platform.
The company said the test success, undertaken with European bank Intesa Sanpaolo, makes Dovetail “the first vendor able to offer a fully tested solution ready to support future users of the new EBA Clearing system in sending and receiving payment transactions complying with the SEPA Credit Transfer Instant (SCT Inst) Scheme of the European Payments Council”. The EPC Scheme and the EBA Clearing infrastructure platform will go live in November.
Martin Coen, CEO of Dovetail, said: "All Dovetail solutions are based on the Dovetail transaction architecture, built to support real-time payments. We continue to expand our support for real-time schemes worldwide as markets and our customers require. 
“Our range of solutions can be deployed alongside existing payment systems, as a Smart Gateway Solution, or provide complete payment processing as a payment solution - supporting one or more schemes globally. 
“Being the first in adding SCT Inst to the growing list of real-time payment schemes we support, demonstrates Dovetail's readiness to provide banks across Europe with leading edge best-in-class solutions that deliver a critical market advantage – now and into the future."