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Eurosmart welcomes the European Commission proposal to boost the EU cybersecurity industry by the creation of a Cybersecurity Industrial, Technology and Research Competence Centre

Eurosmart, the voice of the Digital Security Industry welcomes the European Commission proposal for a regulation establishing the European Cybersecurity Industrial, Technology and Research Competence center and the Network of National Coordination Centres.

This proposal based on a cooperation model aims at stimulating the European cybersecurity technological and industrial ecosystem. The digital security industry supports the idea of the creation of an implementation body for both the proposed Digital Europe Programme and the Horizon Europe Programme.


The ECB is responsible for the smooth and effective functioning of payment systems in the euro area. It already developed TARGET2, the Eurosystem’s Real Time Gross Settlement System, used to process large-value payments in euro in real time. TIPS, as part of TARGET2, will help facilitate instant money transfers, offered via banks, so that citizens and firms can make instant retail payments across Europe.

By providing TIPS, the ECB will make sure that the demand for instant payments is met at European level and further facilitate the integration of the euro area. The service will be developed in close cooperation with the banking industry in Europe and will be offered to banks at the low price of a maximum of 0.20 eurocent (€0.0020) per payment for at least the first two years of operation.

TIPS is scheduled to start operating in November 2018.

ecb.europa.eu