RT1 registers volume boost – and is ready for more By Bettina Hessler | March 21, 2025 For the first time in service history, the short month of February saw higher volumes than January. And not only that: February 2025 set new all-time records for both the average daily transactions processed and their value. At the same time, RT1 performance levels and rejection rates stayed the same despite the rising volumes. Going… Read More
OP Corporate Bank and EBA CLEARING issue joint press release By Danielle Katchui Yampang | January 23, 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… Read More
EBA CLEARING services close out 2024 with record highs By Danielle Katchui Yampang | January 23, 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, the EBA CLEARING services processed a daily average volume of over 100 million transactions. The majority of those transactions went through STEP2 SDD Core with… Read More
Pan-European OCT Inst Service goes live in RT1 By Danielle Katchui Yampang | December 17, 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 EBA CLEARING announced today the go-live of an OCT Inst Service, which was implemented in the pan-European RT1 System on 17 November 2024 at… Read More
EBA CLEARING launches SEPA-wide VOP solution By Danielle Katchui Yampang | December 10, 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 fraud prevention features powered by network-based insights EBA CLEARING today announced the launch of its SEPA-wide VOP solution. The new solution supports payment service… Read More
RT1 transaction volume continues to rise By Soren Kuula | October 21, 2024 In September 2024, RT1 processed a new record volume of 95.5 million transactions. The daily average transaction volume rose to a a new high of 3.2 million, amounting to an average value of over 2 billion euro per day. The month closed with a peak daily volume of 4.8 million on 30 September. RT1’s processing… Read More
EBA CLEARING welcomes 50th active user of FPAD fraud-fighting functionality By Soren Kuula | September 17, 2024 Steep uptake of FPAD usage by RT1 and STEP2 Participants since launch in March 2024 FPAD’s pan-European network view enriches PSPs’ fraud risk assessments and provides the stepping-stone to Verification of Payee EBA CLEARING announced today that its pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality already counts 50 active users. FPAD has been available… Read More
RT1 sets transaction records in July By Tayo Joseph | August 23, 2024 In July, instant payment system RT1 processed 95.2 million transaction per month. This is the highest number of transactions processed per month since the launch of RT1 in 2017. July also saw records in the daily average volume and value: RT1 processed 3.1 million transactions worth over 2 billion euro per day on average. Despite… Read More
EBA CLEARING welcomes new Board members By Tayo Joseph | July 2, 2024 As from 2 July 2024, Katja Lehr of J.P. Morgan and Frantz Teissèdre of Société Générale have joined the Board of EBA CLEARING. Katja Lehr succeeds James Barclay of J.P. Morgan and represents the UK user community. Frantz Teissèdre returns to the EBA CLEARING Board, succeeding Nicolas Cailly as a representative of the French user… Read More
Pan-European Verification of Payee delivery on track By Tayo Joseph | July 1, 2024 EBA CLEARING publishes specifications to provide PSPs with Verification of Payee at a pan-European level Users can start their preparations for Instant Payments Regulation-compliant IBAN/name checks and also enhance them with other powerful fraud-fighting features EBA CLEARING announced today the publication of the user specifications for its Verification of Payee solution. The specifications are based… Read More