22/06/2017 (Agence Europe) – On Thursday 22 June, the Governing Council of the European Central Bank (ECB) decided to develop a new instant payment settlement service for the Eurozone. The new system, the 'TARGET instant payment settlement' service (TIPS), will be available 24 hours a day, 365 days a year. It will be developed in close cooperation with the European banking sector and will be made available to banks at a low price of up to 20 eurocent per payment for the first two years of...