POL

Instant Payment (POL) is a modern interbank payment method, similar in some respects to PAYA and SATNA. Transactions use IBANs and funds are credited instantly to the beneficiary’s account. POL is an interbank software system compliant with European standards, designed to validate and process payments between individuals and corporate clients in seconds. During debits, beneficiary bank confirmation is required; for credits, central bank approval is mandatory. Upon authorization, funds and fees are transferred and a transaction record is issued. Reversals are supported if needed. At each cycle’s end, settlement data flows between the central bank and participant banks. POL’s microservices architecture connects to the central bank’s clearing system and the bank’s core ledger to request and confirm transaction permissions.

A dedicated service retrieves, decrypts, and processes central bank reports. Automated reconciliation runs at set intervals; manual reconciliation is available through the management panel for authorized users. Transaction statuses update in real time, and bank users can monitor each debit or credit through the user interface.