Banca Comerciala Romana joins Instant Payments service with Allevo's support

Thursday 30 January 2020 12:51 CET | News

Banca Comerciala Romana (BCR) has joined the Instant Payments service offered by TransFond, with Allevo’s support.

Banca Comerciala Romana has selected the FinTP-Instant solution from Allevo, which connects to the Instant Payment service, ensuring the processing of payment messages within the parameters established by the scheme. FinTP-Instant is a feature of the FinTP application, an open source distributed application.

The service ensures the transfer of money between banks in less than 10 seconds, the maximum accepted value of a payment being 50,000 RON, which means aproximately EUR 10K. Such payment can be made at any time (24/7/365) between the clients of the banks participating in the Instant Payments service.

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Keywords: BCR, banking, instant payments, Allevo
Categories: Banking & Fintech
Countries: Romania
This article is part of category

Banking & Fintech