In 2017, the SCTInst (SEPA Credit Transfer Instant) Rulebook of the European Payments Council (EPC) came into force. The aim is to be able to process SEPA-based, classic payment transactions in real time 24/7. To this end, the ECB announced in 2017 the development of the real-time settlement system “TIPS” or “Target Instant Payment Settlement” in order to be able to process SCTInst transactions.
A prerequisite for participating in TIPS is connection to the system via a highly secure line certified by the ECB.
PSA has already created such a high-quality connection to the TIPS system and offers banks access to the TIPS system as a “full service” solution.
The advantages of the certified TIPS connection for banks are:
PSA guarantees experience in handling multi-partner ecosystems
Since the start of 2021, PSA has been responsible for another pillar of Austrian payments. PSA is processing the clearing house transactions (account-to-account transfers) for the banks and providing connections for payments to international accounts.
The services offered include
CS.A – Clearing Service Austria
CS.I – Clearing Service International
Benefits for our customers
Supporting documents can be found here:
CS.A Geschäftsbedingungen - German only
CS.I Geschäftsbedingungen - German only
CS.A Mengenstatistik nach Valuta - German only
CS.I Mengenstatistik nach Valuta - German only
CS.A Preisblatt - German only
CS.I Preisblatt - German only
If you have any questions about our Clearing Services (CS.A & CS.I) products, please contact our Sales & Account Management Department by emailing sales(at)psa.at or by calling +43 1 71718 - 0.
With e-Services, you have access to a variety of tools such as the eps transfer for consumers and web shop operators and much more. For more information about e-Services, please visit https://eservice.psa.at