LATEST NEWS OP Corporate Bank and EBA CLEARING issue joint press release 23 January 2025 The pan-European Verification of Payee solution is ready for roll-out OP Corporate Bank and EBA CLEARING have announced today the successful completion of the first Verification of Payee (VOP) calls using the newly launched FPAD (Fraud Pattern and Anomaly Detection) VOP solution. With these VOP calls, OP has spearheaded the roll-out of the pan-European solution nine months ahead of the October 2025 deadline for Verification of Payee set by the EU Instant Payments Regulation (IPR). Many STEP2 and RT1 Participants are currently preparing to interface with the new EBA CLEARING solution in order to ensure a smooth roll-out of… Read More OP Corporate Bank and EBA CLEARING issue joint press release 23 January 2025 The pan-European Verification of Payee solution is ready for roll-out OP Corporate Bank and EBA CLEARING have announced today the successful completion of the first Verification of Payee (VOP) calls using the newly launched FPAD (Fraud Pattern and Anomaly Detection) VOP solution. With these VOP calls, OP has spearheaded the roll-out of the pan-European solution nine months ahead of the October 2025 deadline for Verification of Payee set by the EU Instant Payments Regulation (IPR). Many STEP2 and RT1 Participants are currently preparing to interface with the new EBA CLEARING solution in order to ensure a smooth roll-out of… Read More EBA CLEARING services close out 2024 with record highs 23 January 2025 In December 2024, over two billion payments were processed via the EBA CLEARING services. Traditionally a peak month, December 2024 set new records all around. For the first time ever,… Read More Pan-European OCT Inst Service goes live in RT1 17 December 2024 RT1 OCT Inst Service leverages existing building blocks to support RT1 Participants with a smooth onboarding RT1 Participants are eager to re-use the pan-European instant payment infrastructure for cross-border payments… Read More EBA CLEARING launches SEPA-wide VOP solution 10 December 2024 The pan-European verification of payee (VOP) solution helps PSPs meet Instant Payments Regulation and EPC scheme requirements Different options on the requesting and responding side offer maximum flexibility and enhanced… Read More Total transactions processed in EBA CLEARING payment services in 2024: 23 billion New volume record for STEP2 SCT transactions processed on 2 April 2024: 66 million New record day for RT1 processing on 2 December 2024: 5 million transactions New volume record for STEP2 SDD Core transactions processed on 1 October 2024: 140 million IN THE SPOTLIGHT Verification of Payee SEPA-wide VOP solution offers more effective fraud prevention Our VOP solution leverages blocks of our Fraud Pattern and Anomaly Detection (FPAD) functionality and helps combatting authorised push payment fraud. Learn more RT1 OCT Inst Cross-border transactions made easy The RT1 OCT Inst Service leverages the RT1 System for real-time cross-border payments that have one euro leg inside and one leg outside the Single Euro Payments Area. Learn more ESG ESG considerations have always been important to us Want to learn more about our environmental approach, social perspective as well as governance framework? Then explore our efforts and activities in these three key areas. Read more R2P First pan-European proof of concept showcases tremendous value of request to pay Watch our video to learn more about the key outcomes of our proof of concept and examples of request to pay exchanges for-e-invoicing. Watch video Verification of Payee SEPA-wide VOP solution offers more effective fraud prevention Our VOP solution leverages blocks of our Fraud Pattern and Anomaly Detection (FPAD) functionality and helps combatting authorised push payment fraud. Learn more RT1 OCT Inst Cross-border transactions made easy The RT1 OCT Inst Service leverages the RT1 System for real-time cross-border payments that have one euro leg inside and one leg outside the Single Euro Payments Area. Learn more ESG ESG considerations have always been important to us Want to learn more about our environmental approach, social perspective as well as governance framework? Then explore our efforts and activities in these three key areas. Read more R2P First pan-European proof of concept showcases tremendous value of request to pay Watch our video to learn more about the key outcomes of our proof of concept and examples of request to pay exchanges for-e-invoicing. Watch video Verification of Payee: why pan-European cooperation matters At EBAday 2024, Hays Littlejohn and Erwin Kulk explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks. The pair exposes the added value that EBA Clearing’s pan-European verification of payee solution will bring as from its launch in December 2024. Cooperation on fraud mitigation was one of the biggest topics at EBAday and this practical example of a collectively designed and delivered toolset makes it clear why joining forces against fraud matters.