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Components of the Payment Systems Mission Statement

2. Components of the Payment Systems Mission Statement :

The four broad tenets of the mission relate to the Safety, Security, Soundness and Efficiency. Called the ‘Triple-S + E’ principle in short, each of the principles, which have a synergistic inter-relationship, would specifically address the following :

  • Safety will relate to addressing risk, so as to make the systems risk free or with minimal risk

  • Security will address the issues relating to confidence, with specific reference to the users of these systems

  • Soundness will be aimed at ensuring that the systems are built on strong edifices and that they stand the test of time

  • Efficiency will represent the measures aimed at efficiencies in terms of costs so as to provide optimal and cost effective solutions.