Instant Payments Capability Implementation
What this control requires
Implement 24/7/365 instant payment processing capability compliant with the EU Instant Payments Regulation. Ensure processing within 10 seconds. Implement IBAN verification (VOP) before payment execution. Support both sending and receiving of instant payments.
Other EU Instant Payments Regulation 2024 controls
EU_INSTANT_PAYMENTS_REG_2024-CTRL-001 - Daily safeguarding reconciliationEU_INSTANT_PAYMENTS_REG_2024-CTRL-002 - Critical ICT incident reportingEU_INSTANT_PAYMENTS_REG_2024-CTRL-003 - GDPR breach notification workflowEU_INSTANT_PAYMENTS_REG_2024-CTRL-004 - AML suspicious transaction monitoringEU_INSTANT_PAYMENTS_REG_2024-CTRL-005 - Quarterly PCI vulnerability assessmentEU_INSTANT_PAYMENTS_REG_2024-CTRL-006 - Outsourcing provider oversightEU_INSTANT_PAYMENTS_REG_2024-CTRL-007 - DORA Register of Information maintenanceEU_INSTANT_PAYMENTS_REG_2024-CTRL-008 - CTIF suspicious activity escalationEU_INSTANT_PAYMENTS_REG_2024-CTRL-009 - NIS2 cyber resilience testingEU_INSTANT_PAYMENTS_REG_2024-CTRL-010 - Instant payment availability monitoringIPR-005-001 - Payee Verification (VOP) ControlsIPR-008-001 - Instant Payments Pricing Compliance