How to be better prepared against an interruption to payments
Keep some cash in your wallet. If card payments don’t work you can always pay in cash. Keep a...

The digital euro offers more privacy than card payments and more security in a crisis
Rainer Olt, Head of the Eesti Pank Payment and Settlement Systems Department The European Central...

Digital euro
The European Central Bank is working with all the central banks of the euro area and with...

TARGET services
The three settlement services of the European System of Central Banks, TARGET2, TIPS and T2S, were...

Payment and Settlement Systems Department
The tasks of the Payment and Settlement Systems Department are to administer payment and settlement...

STEP2
STEP2 is a pan-European automated clearing house. The system owner and operator is EBA Clearing, a...

The card payment system
Card payments are the most common form of retail payments in Estonia. Card payments involve various...

TARGET2-Eesti
TARGET2 is a pan-European automated real-time gross settlement express transfer system that is owned...

Continuous operation of banking services
The Emergency Act defines cash circulation and payment services as vital services. Eesti Pank has...

Means of Payments
People in Estonia mainly use bank channels to make their payments. The main means of payment used in...

Concepts and definitions
A payment system is used for transmitting payment orders, processing them through clearing, and...

The Estonian payment market
How many of us still remember the days when you actually had to go to a bank or to the electricity...

The payments market
The payments market consists of payment and securities settlement systems and methods of...

Oversight of Payment and Settlement Systems
Oversight is a function of Eesti Pank under the Eesti Pank Act. In its oversight, Eesti Pank...

Payments
Eesti Pank is responsible for promoting a secure and efficiently functioning payments market, which...

Rules for opening and using accounts in Eesti Pank
Approval of TARGET2- Eesti rules TARGET2-compensation scheme-claim form Terms and Conditions...

Payment and settlement systems
The functioning of payment and settlement systems is important for maintaining the stability of the...

TIPS
TIPS is the Eurosystem TARGET service for settling instant payments in accounts opened at the...

The RT1 instant payment system
RT1 is a pan-European SEPA instant payment system. It is a privately financed system that started...

Oversight key documents
Eesti Pank bases its oversight role on the following regulations, frameworks and...

SEPA
The Single Euro Payments Area, or SEPA, brings together providers and users of payment services from...

Legislation
The legal framework that governs payments and securities settlement comes from European Union and...

The Estonian Payment Forum
The Estonian Payment Forum was set up in 2012 by a tripartite agreement between Eesti Pank, the...

Securities settlement system
Securities settlement systems (SSSs) are managed by central securities depositories (CSD). The...

The development of settlement systems in Estonia
Today, bank customers take it for granted that money is transferred from one bank to another within...

Frequently asked question about SEPA
What does the Single Euro Payments Area (SEPA) mean? SEPA brings together in one payment area all...

Payment and settlement systems of Eesti Pank
Eesti Pank manages the TARGET2-Eesti payment system and participates in developing the securities...

TARGET2-Securities (T2S)
TARGET2-Securities (T2S) is the Eurosystem’s single platform for the settlement of securities...

Accession Agreement to TARGET2-Eesti Using Internet-Based Access
Accession Agreement to TARGET2-Eesti Using Internet-Based...