Satna and Paya (inter-bank electronic payment order )
In order to extend the automation of inter-bank operations and also enhancing the quality level of exchanges and reducing the time and cost of inter-bank transactions, Satna system (RTGS) was launched at Shahr bank. Operating this system, the customers inter-bank electronic funds transfer to other banks accounts in the same day is possible. The benefits of implementing this system for the customers are: reducing the volume of cashiers checks (inter-bank) exchange, reducing cash transfer, development in applying modern payment means such as internet banking and so on.
Paya (ACH) is an electronic system to exchange customers electronic payment orders inside the countrys banking network for transferring micro or group funds which are settled in several stages over a day and deposited into the customers accounts .