IPS in this system’s name stands for Integrated Payment System – the system supports cashless payments, and is integrated in the sense that it covers multiple payment schemes. It currently covers the following payment schemes and systems:
- local payments, i.e. payments and direct debits within the Czech Republic or Slovakia
- SEPA Credit Transfers (SCT) – comprehensive support for SEPA payments.
Support for SEPA Direct Debits (SDD) is currently in development. The next step will be full support for SWIFT MT* payments.
my|BOS IPS focuses on interbank payments, nonetheless for the clients of financial institutions, i.e. external systems, it provides an interface (API) that allows payments to be entered and products to be defined (standing orders, direct debits, etc.) from those systems. Their processing is of course possible on-line without servicing, or alternatively requiring intervention (authorising payments, verifying product settings).
The system covers the outgoing and incoming aspects of payment schemes, and for SCT it fully supports all R-transactions and straightforwardly facilitates the implementation of any superstructure requested in line with the clearing system required (typically STEP2) and the communication system (typically FileAct).
For local payments, the system also includes support for SIPO direct debits.
