Strengthening market position of banks by redefining services settlement
                                     Banking

       Lect. univ. dr. Adela Socol – Universitatea „1 Decembrie 1918” Alba Iulia
                              e-mail: adel_socol@yahoo.com

Abstract:
In Romania before ’90 it could not be identified a system for banking payments in the
true sense of the word, because of the character of the centralized economy and of the
state property. After 1990, were necessary some structural changes at the level of
banking payments. In the year 2005 it entered gradually the elements of the SEP –
Electronic Payments System for the Romanian banking system. The Electronic Payment
System SEP has three elements, meaning: Real Time Gross Settlement System RTGS,
known in Romania as ReGIS (Romanian electronic Gross Interbank Settlement);
Automated Clearing House ACH, known in Romania as SENT; Government Securities
Registration and Settlement GSRS, known in Romania as SaFIR. As well, in these
conditions and with such standards, regarding the activity continuity and beside the
needed infrastructure for the upper systems, it was implemented a back-up system of
recovering in the disaster cases. Regarding the advantages that the new electronic
payments system has, near the remembered ones, among which we are pointing a better
management of the risks and liquidity situation, increasing the efficiency and operatives
character of the payment operations, as well as the level of an increased security of the
inter-banking operations, we are adding also a new policy of commissions of the
Romanian National Bank, favorable for the participants of the three systems.

Key words: market position, banking payments, Electronic Payment System

JEL Code: L22