CMA signes a contract for upgrade of ATS system with National Bank of Serbia to add Instant payment functions
CMA signed a contract with National Bank of Serbia for upgrade of ATS system. Instant payment functionality will be be added to the current system. The specific feature of the system is that it will support different participation modes. It will follow applicable European rules and practices. The system will cover DNS and Instant payment functionality enriched by Central Addressing functions. The system will have all major types of payment instruments including Direct Credit, Direct Debit, Request to Pay, Bill payments etc. All Commercial Banks of Serbia and eligible Payment Service Providers will be Participants of the system. The central addressing functions will be added to the system. The system will cover all major types of payment instruments including Direct Credit, Request to Pay, Bill payments etc. The system will be based on ISO20022 messages.
Additional information on Instant Payments solution from CMA can be obtained by filling out feedback form on company’s website.