Natixis Payments Connects to ECB Instant Payment Scheme TIPS

[kreslik.news]

Fidelity National Information Services (FIS), a financial services technology company, announced this Tuesday that it has facilitated the connection of Natixis Payments to the European TARGET Instant Payment Settlement (TIPS) scheme, an initiative of the European Central Bank (ECB).

TIPS enables the instant processing and settlements of payments in 34 countries within the Single Euro Payments Area (SEPA). The types of transactions that the scheme aims to process and settle in seconds range from person-to-person, person-to-business and business-to-business transactions.

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