Tips Gateway Service Launched by EquensWorldline
equensWorldline SE, a subsidiary of Worldline, has launched its TIPS Gateway service. Several internationally operating tier 1 and tier 2 banks are to go live with the service in the first half of 2019.
With the equensWorldline TIPS Gateway service, banks have a single interface for Instant Payments for both the equensWorldline Instant Payments CSM and its EACHA Instant Payments Interoperability links, as well as for their connection towards the TARGET2 Instant Settlement solution offered by the Eurosystem. The launch of the TIPS Gateway service seamlessly fits with equensWorldline’s ambition to support the market in the implementation of Instant Payments.
Using the equensWorldline TIPS Gateway service, the contracted banks complement their reach in Instant Payments and have full pan European reach in accordance with EPC SCT Inst Scheme Rulebooks. The connection towards TIPS will be fully transparent for the users, and all transactions processed by equensWorldline will be visible in the equensWorldline GUI, independent of the settlement route taken. This allows the bank’s operation departments to quickly follow up on customer queries. The reporting will also be fully integrated. In addition, the industry leading algorithm-based liquidity forecasting, that equensWorldline offers to participants of its Instant Payments CSM, will also become available to users of its TIPS Gateway service.