Tanzania Inter-bank Settlement System (TISS)
A Real Time Gross Settlement System (RTGS) implemented by Bank of Tanzania. This is an online system that facilitates real time and gross settlement of payment instructions between Banks.
TISS functionalities includes online real time Account management and inter-bank high value or time critical funds transfers. TISS improves efficiency in the payment system by eliminating the settlement time lag for high value and time sensitive payments. TISS also minimizes settlement risks.