Austria introduces new clearing service
Central bank welcomes lender-owned company’s oversight of new system
Austria’s authorities launched a new clearing service for dealing with transactions made within the Single European Payments Area and the eurozone on June 12.
The new system will be run by Payment Services Austria, a private company owned by a consortium of the main Austrian banks. It worked on the project with the National Bank of Austria, or OeNB, and the French payment company Worldline.
PSA took over the operation of clearing services from Geldservice Austria, a subsidiary of the central
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