[ad_1]
No more waiting for business hours for Interbank Money Transfers (EFT). The Central Bank of the Republic of Turkey (CBRT) announced that it has completed its preparations to open a new payment system for services.
According to the news in Habertürk; With this new system called Instant and Continuous Funds Transfer (FAST), it was emphasized that citizens can make money transfers between their accounts at different banks in seconds, 7 days 24 hours. Therefore, the 17.00 hour limit for money transfers (EFT) between accounts at different banks will be lifted and the 24/7 money transfer period will begin.
“SOON”
In the announcement made on the official website of the CBRT, it is anticipated that the FAST System will be put into service as a pilot application from December 18 and gradually open to the use of citizens, “The system aims to expand to all financial institutions in a short time. ” It was said.
The statement indicated that with the FAST System the Easy Addressing System will also be available to citizens, which allows payments to be initiated more easily using information such as telephone number, identification number or email address.
Thus, an important step will be completed in CBRT’s efforts to develop the infrastructure of our country’s retail payment systems in a way that supports innovative financial technologies and business methods. These developments that will strengthen the basic infrastructure in the field of payments will make innovative financial technologies an indispensable part of life. Economy, Breaking economic news, Breaking economy ‘>the economy It is evaluated that it will make very important contributions in line with its objective ”.
WHICH BANKS WILL USE ‘FAST’?
Turkey Business Bank, Central Bank from December 18, 2020, instant payment system will be launched as a pilot of FAST “Easy Address” system with customers, instead of long IBAN numbers, cell phone numbers, email or information identification of the accounts that use such information to make money transfers easily. announced that it would provide.
UP TO 1000 TL
Money transfers of up to 1,000 TL can be made via İşCep and Internet Branch.
In his statement on the matter, İşbank Deputy Director General Şahismail Şimşek; “Now, anyone who wishes can transfer money to our clients who define information such as mobile phone, email or TR identification number in their account, using this easy information registered in the Easy Address system instead of IBAN, through of the Instant and Continuous Funds Transfer structure in a much shorter time. “
Stating that this convenience in money transfer will eliminate obligations such as adding a long IBAN number, memorizing or entering an account number, and making life easier for our clients, Şimşek stated that money transfers to be made outside of the Bank will take place 24 / 7 through our digital channels thanks to the Instant and Continuous Transfer of Funds. As of November 2, 2020, our individual customers have started defining Easy Address information such as mobile phones and emails through İşCep and our Internet branch, and our business customers will be able to use this application in the near future. Money transfers with Kolay’s address will begin with the implementation of instant and continuous funds transfer. “
“QUICK AND EASY”
Akbank also affirmed that the FAST system and the Easy Address application that the Central Bank will offer from January 8, will allow its clients to make fast and easy money transfers 24/7 with their phone number, identity number or information of email instead of IBAN. Akbank’s Deputy General Manager for Commercial Banking, Mehmet Tugal, said: “Our customers can define Easy Addresses through Akbank’s digital channels, securely and in seconds. As of January 8, 2020, they will be able to make transactions of money transfer 24 hours a day, 7 days a week, quickly and safely. The innovative application eliminates the difficulties such as sharing the long IBAN number for money transfers, trying to copy it. In this new digital era that will begin in payments ecosystem, we are happy to offer all these facilities to our clients through Akbank’s digital channels.
[ad_2]
