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Satna and Check Replace POS in Large Transactions

Satna and Check Replace POS in Large Transactions Satna and Check Replace POS in Large Transactions

Large transactions are channeled through checks and Real-Time Gross Settlement System locally known by its Persian acronym Satna, director of the Payment Systems Department of the Central Bank of Iran said.  
Davoud Mohammad Beigi said after enforcing CBI restrictions on transactions of over 500 million rials ($4,000), people turned to Satna and checks for conducting large transactions. 
The measure came as part of the CBI’s measure to monitor large and suspicious transactions. “The periodic reports shows that after implementing the new restrictions, large transactions are processed smoothly via checks and Satna”, Mohammad Beigi was quoted as saying by IBENA. 

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