Banking and insuranceEconomical

The bridge system became operational in Parsian Bank


According to the financial monetary news, the “Bridge” instant payment system in Parsian Bank was set up and the possibility of interbank money transfer was provided with more ease, speed and security and in an instantaneous manner.
Parsian Bank customers can use this system with more security and lower fees than Satna and Paya systems, to instantly transfer amounts of 150 million Rials or less using the Internet Bank and with Parsian Bank, instantly transfer money to other people’s accounts in other Banks that have this system should take action.
The report adds that instant payment through the bridge system is functionally similar to transferring money from card to card, with the difference that the origin and destination of transactions in this system, instead of the card number, is the account number of individuals.
It is worth noting; Due to the instant transfer of funds in this system, it is not possible to cancel the transaction and it is necessary for Internet Bank users to first inquire about the destination number and then proceed to transfer funds.
It is worth mentioning that the bridge system is an interbank service, coordinated and standardized in the country, which provides instant settlement of large-scale payments and small amounts under the supervision of the Central Bank.

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