Euro Express Elixir for banks
The TIPS (TARGET Instant Payment Settlement) infrastructure, provided by the European Central Bank, enables real-time gross settlement (RTGS) for messages compliant with the SEPA Instant Credit Transfer (SCT Inst) scheme and minimizes the operational complexity of cross-border processes.
What will your bank gain from the Euro Express Elixir service?
24/7
Continuous availability throughout the year.
Euro Express Elixir allows customers to execute instant euro transfers. The service facilitates international business operations for enterprises and provides individuals with greater flexibility, for example when traveling.
ISO 20022
In line with the SCT Inst scheme.
By integrating with the Euro Express Elixir service, a bank can meet the requirements of the Instant Payments Regulation (IPR), which imposes specific obligations on banks regarding the timing and implementation of instant euro payments.
know-how
We have experience in integrating technology for banks.
Maintaining connectivity with pan-European instant euro payment systems is based on a web service solution used in the Express Elixir system.
Since 2023
Easy financial reconciliation.
Full readiness for bank integration – the service has been operating in production since July 2023. Reports are generated in formats similar to Express Elixir.
Why use Euro Express Elixir?
- the service is available continuously, in a 24/7 model, 365 days a year,
- funds are credited to the recipient within 10 seconds,
- the sender has the possibility to request a refund of funds up to 13 months after initiating the transaction.