Target Instant Payments Settlement Service news and trends

ECB Announces Plans For New Instant Payment System

June 30, 2017
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ECB Announces Plans For New Instant Payment System

June 30, 2017
The European Central Bank (ECB) has announced its plans for a new instant payments and settlement system that will enable businesses and consumers to send money in real-time across 19 countries. According to IBS Intelligence, the TARGET Instant Payments Settlement Service (TIPS) will go live in November 2018 and take settlement and clearing houses out […]