A characteristic of Risco Express Payments
How does an adapter for the SRPN KIR system operate? Payment messages in the Express Elixir system are processed by the Krajowa Izba Rozliczeniowa S.A. (KIR) Company. In order to fulfil KIR requirements, an entity, which would wish connect its banking system to the Express Elixir system must implement a ready-made interface for communication with that system.
Risco Express Payments fulfil that function: it enables the communication between the Express Elixir system and the central banking system. It allows for their full integration and the implementation of procedures necessary for the correct cooperation of any banking system in the Express Elixir system. Thus, the software enables direct realisation of transactions from the sender’s account in one bank to a recipient’s account in another bank (through an exchange of messages between participants). The settlement of a transaction occurs in a time close to real time, without the mediation of institutions other than banks.
It operates 365/24/7.