The article examines how the Instant Payment Regulation (IPR) governs instant credit transfer packages, which differ significantly from ordinary credit transfers and single instant payments.

Instant payments have no cut-off times, but for large packages the execution time may exceed 10 seconds because transactions must first be “unpacked” into individual instant payments; the 10-second limit applies only after unpacking.

Implementing payment packages requires updates to customer contracts and regulatory documents.

The IPR follows technological neutrality, allowing providers to choose any technical or functional solution for executing instant payment packages.

Strong customer authentication of a payment batch should occur after the Verification of Payee (VoP) check, using a code tied to the total amount and all payees.

For non-consumer users, providers must offer VoP opt-out and re-opt-in options; VoP may be integrated with or separate from the payment service.

If VoP is offered separately, fees may apply, but data-protection rules may restrict how they are charged.

Because instant payment packages differ from PSD2’s general transfer-execution rules, providers must carefully define rights and obligations in their terms and conditions.

The article identifies priority areas that payment service providers should address when implementing the IPR.

Available at: https://doi.org/10.4467/22996834FLR.25.003.22192