So far the Dutch Payments Association, in close collaboration with the Dutch Central Bank (DNB), has worked out a more detailed design of the Instant Payments infrastructure both from a functional (customer) perspective as well as from a technical perspective (clearing and settlement). The design has – as work in progress – been on the agenda for discussion of a specifically installed stakeholders forum, and at the same time has been aligned with the European requirements as and when they became available.
A market consultation among European processors and/or suppliers of payment systems and (parts of) the payment infrastructure was conducted early 2016. Its results have led to further adaptation of the program’s functional and technical specifications, which have been published (Requirements 2.0) and are available via InstantPayments@betaalvereniging.nl.
Building has commenced as from the second half of 2016 and individual banks have started their selection process for a processor.