The Italian infrastructure for clearing and settlement of retail payments (Clearing and Settlement Mechanism - CSM) ICBPI/BI-COMP, operated by Banca d'Italia and Istituto Centrale delle Banche Popolari Italiane (ICBPI), and the international payments specialist VocaLink today announced that they are collaborating to establish a link for the exchange of Sepa payments based on the European Automated Clearing House Association (EACHA) interoperability standards.
The Governing Council of the European Central Bank (ECB) today appointed members of the T2S Programme Board, which will ensure the successful and timely completion of the TARGET2-Securities (T2S) programme in 2013.
The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.
Target2, the EU-wide real-time gross settlement (RTGS) system for large value payments, has been successfully launched, says the European Central Bank (ECB).
EBA CLEARING announced today that Banca d’Italia has joined the STEP2 platform. The central bank of Italy was connected to EBA CLEARING’s pan-European ACH (PE-ACH) this morning and is now able to exchange mass payments in euro with financial institutions from 28 European countries via the STEP2 system.
© Finextra Research 2013