TARGET2 live


We recently rolled out an upgrade of Moneta that supports TARGET2 messaging.

TARGET2 functionalities complement and extend payments processing module, the core part of the application that supports all aspects of banking business. 

TARGET2 stands for Trans-European Automated Real-time Gross settlement Express Transfer system. It enables transfer of funds denominated in euro between accounts in different banks one by one, within very short period of time, as opposed to bulk payments that get settled in cycles. Croatian component of TARGET2 started its operations on 1 February 2016 and is part of the country-level SEPA project (Single Euro Payments Area). 

Next milestone: SEPA Credit Transfer in June. We are on schedule and looking forward to finishing the project! 

More on TARGET2: