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	<id>https://wiki.treasurers.org/w/index.php?action=history&amp;feed=atom&amp;title=TARGET_Instant_Payments_Settlement</id>
	<title>TARGET Instant Payments Settlement - Revision history</title>
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	<updated>2026-07-29T01:52:43Z</updated>
	<subtitle>Revision history for this page on the wiki</subtitle>
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	<entry>
		<id>https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46519&amp;oldid=prev</id>
		<title>imported&gt;Doug Williamson: Add link.</title>
		<link rel="alternate" type="text/html" href="https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46519&amp;oldid=prev"/>
		<updated>2023-04-03T01:47:27Z</updated>

		<summary type="html">&lt;p&gt;Add link.&lt;/p&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 01:47, 3 April 2023&lt;/td&gt;
				&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l38&quot;&gt;Line 38:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 38:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[PSD2]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[PSD2]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[RT1]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[RT1]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-deleted&quot;&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;+&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;ins style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;* [[T2]]&lt;/ins&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[TARGET2]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[TARGET2]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br/&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;

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&lt;/table&gt;</summary>
		<author><name>imported&gt;Doug Williamson</name></author>
	</entry>
	<entry>
		<id>https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46518&amp;oldid=prev</id>
		<title>imported&gt;Doug Williamson: Amend links.</title>
		<link rel="alternate" type="text/html" href="https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46518&amp;oldid=prev"/>
		<updated>2021-04-14T13:13:52Z</updated>

		<summary type="html">&lt;p&gt;Amend links.&lt;/p&gt;
&lt;table style=&quot;background-color: #fff; color: #202122;&quot; data-mw=&quot;interface&quot;&gt;
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				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;← Older revision&lt;/td&gt;
				&lt;td colspan=&quot;2&quot; style=&quot;background-color: #fff; color: #202122; text-align: center;&quot;&gt;Revision as of 13:13, 14 April 2021&lt;/td&gt;
				&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot; id=&quot;mw-diff-left-l39&quot;&gt;Line 39:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 39:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[RT1]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[RT1]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[TARGET2]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;* [[TARGET2]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class=&quot;diff-marker&quot; data-marker=&quot;−&quot;&gt;&lt;/td&gt;&lt;td style=&quot;color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;&lt;del style=&quot;font-weight: bold; text-decoration: none;&quot;&gt;* [[TIPS]]&lt;/del&gt;&lt;/div&gt;&lt;/td&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-side-added&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
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&lt;tr&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;[[Category:The_business_context]]&lt;/div&gt;&lt;/td&gt;&lt;td class=&quot;diff-marker&quot;&gt;&lt;/td&gt;&lt;td style=&quot;background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;&quot;&gt;&lt;div&gt;[[Category:The_business_context]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;

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&lt;/table&gt;</summary>
		<author><name>imported&gt;Doug Williamson</name></author>
	</entry>
	<entry>
		<id>https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46517&amp;oldid=prev</id>
		<title>imported&gt;Doug Williamson: Create page. Sources: Target Instant Payments Scheme page &amp; ECB https://www.ecb.europa.eu/paym/target/tips/html/index.en.html</title>
		<link rel="alternate" type="text/html" href="https://wiki.treasurers.org/w/index.php?title=TARGET_Instant_Payments_Settlement&amp;diff=46517&amp;oldid=prev"/>
		<updated>2021-04-11T22:37:42Z</updated>

		<summary type="html">&lt;p&gt;Create page. Sources: Target Instant Payments Scheme page &amp;amp; ECB https://www.ecb.europa.eu/paym/target/tips/html/index.en.html&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;''Payment systems - European Central Bank.''&lt;br /&gt;
&lt;br /&gt;
(TIPS).&lt;br /&gt;
&lt;br /&gt;
TARGET Instant Payment Settlement is a market infrastructure service launched by the Eurosystem in November 2018. &lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
It enables payment service providers to offer fund transfers to their customers in real time and around the clock, every day of the year. &lt;br /&gt;
&lt;br /&gt;
This means that retail and corporate customers can transfer money between each other within seconds, irrespective of the opening hours of their local bank.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
TIPS was developed as an extension of TARGET2 and settles payments in central bank money. &lt;br /&gt;
&lt;br /&gt;
TIPS currently only settles payment transfers in euro. &lt;br /&gt;
&lt;br /&gt;
(However, other currencies could be supported in the future as well.)&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
:&amp;lt;span style=&amp;quot;color:#4B0082&amp;quot;&amp;gt;'''''TIPS fewer barriers to entry'''''&amp;lt;/span&amp;gt;&lt;br /&gt;
&lt;br /&gt;
:&amp;quot;The European Central Bank’s TARGET Instant Payments Settlment (TIPS) service, which went live last year, potentially competes with RT1 for members. &lt;br /&gt;
&lt;br /&gt;
:RT1 currently outruns TIPS in terms of numbers of members. &lt;br /&gt;
&lt;br /&gt;
:TIPS, however, has advantages including fewer barriers to entry for smaller banks or fintechs, who – under the European Union’s payment directive PSD2 – can partner with a sponsor bank to gain access to TIPS. &lt;br /&gt;
&lt;br /&gt;
:As the fintech market gathers steam, this factor might prove decisive.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
:''The Treasurer, Liz Loxton, 17 May 2019, web exclusive.''&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
== See also ==&lt;br /&gt;
* [[European Central Bank]]&lt;br /&gt;
* [[Eurosystem]]&lt;br /&gt;
* [[Fintech]]&lt;br /&gt;
* [[Payments and payment systems]]&lt;br /&gt;
* [[PSD2]]&lt;br /&gt;
* [[RT1]]&lt;br /&gt;
* [[TARGET2]]&lt;br /&gt;
* [[TIPS]]&lt;br /&gt;
&lt;br /&gt;
[[Category:The_business_context]]&lt;br /&gt;
[[Category:Identify_and_assess_risks]]&lt;br /&gt;
[[Category:Manage_risks]]&lt;br /&gt;
[[Category:Risk_frameworks]]&lt;br /&gt;
[[Category:Risk_reporting]]&lt;br /&gt;
[[Category:Cash_management]]&lt;br /&gt;
[[Category:Financial_products_and_markets]]&lt;br /&gt;
[[Category:Liquidity_management]]&lt;br /&gt;
[[Category:Technology]]&lt;/div&gt;</summary>
		<author><name>imported&gt;Doug Williamson</name></author>
	</entry>
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