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TARGET Instant Payment Settlement: The Eurosystem’s response to an evolving payments landscape

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  • Jessé, Marc Bayle De

Abstract

This paper deals with the TARGET Instant Payment Settlement (TIPS) service, a Eurosystem market infrastructure service that facilitates the immediate settlement of instant payments at pan-European level using central bank money. The service stands to regenerate competitiveness in the European market by acting as an incentive for payment service providers to develop TIPS-enabled innovative and user-friendly solutions for European citizens. The paper recommends that payment service providers embrace TIPS and develop solutions that are not only future-proof but that also allow consumers to use them at pan-European level.

Suggested Citation

  • Jessé, Marc Bayle De, 2018. "TARGET Instant Payment Settlement: The Eurosystem’s response to an evolving payments landscape," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 12(4), pages 322-327, December.
    • Handle: RePEc:aza:jpss00:y:2018:v:12:i:4:p:322-327
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    More about this item

    Keywords

    instant payments; innovation; Eurosystem; European Central Bank (ECB); TARGET Services; TARGET Instant Payment Settlement (TIPS);
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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