I would urge the industry to pay special heed to these recommendations to continuously improve the safety and security of electronic banking transactions especially those that are payments related. I have been informed that a “High level group” with representatives from banks, IBA, IDRBT and RBI has been set up to oversee the implementation of these recommendations.
2  See also the recently published paper by the ECB in October 2010 called “T2S: Half-way to delivery” which explains in great detail the purpose, scope and benefits of T2S and answers relevant questions that are currently asked.