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<p>The new European Instant
What & When
The European Central Bank is developing a new
service, called TIPS. Thanks to such system, the
transactions for C2C, C2B and B2B payments, will be
processed within a few seconds anywhere in Europe.
Therefore, by the end of 2018, the delays and the
time constraints associated to the electronic pay-
ments will be eliminated.
The TARGET instant payment settlement (TIPS)
service will enable payment service providers
(PSPs) to offer fund transfers in real time and
around the clock, 365 days a year.
Any PSP which has
the requisites to
open an account in
Any entity that can issue
instructions in TIPS on
behalf of a participant or
Any PSP that settle
instant payments on a
participant's account in
The new European Instant Payment Settlement:
Actors can access TIPS via different Network Service Providers through the Eurosystem Single Market,
Infrastructure Gateway component via U2A (User to Application) or A2A (Application to Application) mode
Service validates and
requirements as for TARGET2
Operated on a full cost
Instant payments settlement
in Central Bank Money
SCT Inst paradigm supported
24/7/365 operating hours
TIPS initiative matches the
Eurosystem's objectives of promoting
innovation and fostering integration
within the euro area.
The roll-out of in