Payment networks

The System for Transfer of Financial Messages (), abbreviated SPFS (), is a Russian equivalent of the SWIFT financial transfer system, developed by the Central Bank of Russia. The system has been in development since 2014, when the United States government threatened to disconnect the Russian Federation from the SWIFT system. Since June 2024 the system is banned by the European Council for EU banks outside Russia, and in an alert issued in November 2024 the US OFAC warned that institutions that join the system after the issuance of this alert will be subject to aggressive targeting.

bank wire transfer in ten seconds

financial markets payment system

TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999. Like the other TARGET Services, it was developed and owned by the Eurosystem.

Zelle () is an American digital payments network run by a private financial services company owned by Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo. The Zelle service enables individuals to electronically transfer money from their bank account to another registered user's bank account (within the United States) using a mobile device or the website of a participating banking institution. Transfers between bank accounts of registered users are typically completed within minutes. There is currently no fee or charge on the transaction to users. Instead,

girocard is an interbank network and debit card service in Germany connecting virtually all automated teller machines (ATMs) and banks. It is based on standards and agreements developed by the German Banking Industry Committee.

Bizum is a payment service provider launched in 2016 as an initiative of the Spanish banking system.

electronic network for financial transactions

an instant real-time inter-bank electronic funds transfer system in India