Instant Payments

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Real-time performance:
Instant Payments Gateway (IPG)

BACKGROUND

What are instant payments?

Instant payment is a payment method in which funds are credited to the recipient within a few seconds. Instant payments are available 24 hours a day, 365 days a year. The funds are credited in a maximum of 10 seconds. In practice, however, many of these transactions are carried out in less than 3 seconds. Since the EU’s decision to make real-time payments mandatory, this payment method has become the new normal.

OUR SOLUTION

Instant Payments Gateway (IPG) by van den Berg

Instant Payments Gateway (IPG) by van den Berg has a lot to offer and is therefore an important infrastructure component for high-performance payment solutions in the digital world.

  • IPG is the interface to the Clearing and Settlement Mechanism (CSM)
  • Secure connection to Target Instant Payment Settlement (TIPS)
  • EBA Clearing (RT1)
  • Connection of IPG via the Network Service Provider (NSP) SWIFT and the Alliance Gateway Instant (AGI) technically with RT1 and TIPS
  • Alternatively, the RT1 connection can also be established via EBICS. (The required EBICS infrastructure can be provided by van den Berg

YOUR ADVANTAGES

Strong arguments in favour of an IP project with van den Berg

  • Simple contractual arrangement by us as Instructing Party for TIPS
  • BIC of van den Berg FS GmbH is authorised by the EZB as Instructing Party for TIPS (= TIPS participation is therefore guaranteed independently of your current SWIFT infrastructure and onboarding is also considerably shortened)
  • EBA Clearing Service Provider
  • 365/24/7 availability and support
  • Optimised processes through certified SWIFT Service Bureau
  • In-House instant payments software
  • Modular structure of the standard software
  • Numerous additional features, such as emergency authorisation or embargo checks

YOUR START

Are your core banking systems real-time capable?

One of the biggest challenges in processing real-time payments is that the core banking systems are not designed for real-time capable payment transactions. Van den Berg offers various connection options, which are analysed in a vdb/Quick Assessment and further aspects of implementation (including scheduling and budgeting) are developed as the basis of a feasibility study.

We are looking forward to your enquiry

Dirk Metz
Key Account Manager

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Instant Payments Gateway

Everything you need to know about Instant Payments

 

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