Efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany as a financial centre, provides settlement and clearing services and plays an active role in the further development of the single European payment system.
Bundesbank's TARGET2 claims
Amount: EUR 754,057,228,780.39
(As at: 30 November 2016)
Further information on the TARGET2 balance.
Contactless technology is another way that your card or mobile phone can communicate with a retailer's point of sale terminal. Contactless payment is a feature that is being included with an increasing number of debit, credit and prepaid cards. Some mobile phones can also be configured for contactless payments.
Communication in real time is something we all take for granted. And consumers nowadays expect to be able to bank just as quickly. Bundesbank Executive Board member Carl-Ludwig Thiele says that providers vying for a stake in the new digital services market will only prevail if they can inspire long-term confidence in consumers.
Please find the German presentation material for the events in June and July here.
The SEPA direct debit scheme provides the Creditor Identifier to specify the identity of the direct debit creditor.
TARGET2 - Balance
Bank sort codes search
Receive information about bank sort codes and check-digit calculation for bank account numbers, TARGET2 or general information about payment systems and securities settlement.
Should you have any questions regarding our payment and settlement systems, please contact the following persons.