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 as well as direct debit) 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
Here you will also find the terms and conditions and the price sheet which become valid with deployment of the PSA CSM (new clearing house infrastructure; planned operation in parallel as from 30 May 2023).
Regardless of this, the CS.A/CS.I terms and conditions and price sheets stated above continue to apply to CS.A and CS.I.
PSA CSM terms and conditions - German only
PSA CSM price sheet - German only
If you have any questions concerning our clearing service products, please contact our Sales & Account Management Department by emailing sales(at)psa.at or by calling +43 1 71718 - 0.
eps-Payment is the smart and secure online-payment-method of the Austrian banks for shopping on the WWW via your trusted online-banking.
The payment takes place in the highly secure and trusted online-banking of your eps bank, thus providing the customers with the simple and yet secure payment method for shopping on the world wide web.
Today more than 1.000 web-shops offer eps and also government business can be done with it, because it is the official payment method for e-Government.
Here you can find more information about eps: https://www.eps-ueberweisung.at/
For more information for corporate customers, please visit https://www.eps-ueberweisung.at/de/haendler
For more information for private customers, please visit: https://www.eps-ueberweisung.at/de/privatkunden
For plenty more information and details on payment transactions, please visit https://zv.psa.at.
The last review of clearing services by the ZSA, which focused on governance and risk management, concluded on 12 January 2022. The review confirmed that no significant deficiencies posing a risk to system security were present. The majority of the recommendations made had been implemented by the second quarter of 2022; these will be finalised with the launch of PSA CSM NEU in the course of 2023.