Central Banking

Sia given green light to access Eurosystem’s instant payment system

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Italian financial infrastructure firm Sia is the first provider to be granted permission to offer access to the Eurosystem’s new Target instant payments settlement service (Tips). 

“Sianet is the only network infrastructure to have passed all the Eurosystem tests regarding aspects of security, performance, reliability and governance,” the company said in a statement.

Details of access requirements network service providers will have to meet in order to gain access to the new payment system

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