Frontrunner banks to deliver request to pay proof of concept with EBA CLEARING’s R2P Service By Tayo Joseph | June 15, 2023 The PoC will showcase how PSPs can adopt R2P and create value around request to pay Seven multinational banks have joined forces for this deliverable and would welcome additional participants EBA CLEARING announced today that, together with seven multinational banks, the Company has kicked off preparations for a pan-European request to pay proof of concept… Read More
Happy Birthday, STEP2! By Tayo Joseph | May 24, 2023 From SEPA vision to cornerstone of its payment processing infrastructure: STEP2 turns 20! In Spring 2003, the STEP2 XCT Service went live with 18 participants from nine countries. With the trust and support of our STEP2 community, STEP2 has turned into a Systemically Important Payment System for Europe, reaching over 4,800 PSPs across all SEPA… Read More
EBA CLEARING turns 25! By Tayo Joseph | May 20, 2023 On 20 May 1998, EBA CLEARING was formally constituted by 52 founding banks Read More
The EBA CLEARING Compliance Package for Users – what, why, how By Tayo Joseph | May 8, 2023 We are pleased to announce the release of a new short video explaining the EBA CLEARING Compliance Package for Users. The Compliance Package contains all information service users need to meet their due diligence requirements. Watch the video This video is part of a new explainer series in which we walk viewers through specific aspects of our… Read More
EBA CLEARING to enrich RT1 and STEP2 with fraud prevention and detection capabilities By Tayo Joseph | March 22, 2023 • The comprehensive solution will add insights from a central system view to the fraud-fighting efforts of STEP2 and RT1 users • The new capabilities will include a pan-European IBAN/name check by November 2023 EBA CLEARING announced today that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities… Read More
Large-value payment system EURO1 successfully migrates to ISO 20022 By Tayo Joseph | March 21, 2023 • The move completes the EURO1 future positioning programme, readying the RTGS-equivalent system for the ISO 20022 era • EURO1 participants now benefit from this data-rich standard and extended opening hours, and can continue to leverage the liquidity efficiency EBA CLEARING announced today that its systemically important payment system EURO1 has successfully migrated to ISO… Read More
Growing instant payments in Europe and around the globe: RT1 supports Italian banks on their frontrunner journey By Tayo Joseph | November 23, 2022 On 21 November, EBA CLEARING’s instant payment service RT1 celebrated its fifth birthday. The first pan-European instant payment service has been a decisive driver of the real-time payment ramp-up across Europe: RT1 today reaches 85% of bank customers in SEPA and processes over two million transactions worth 1.5 billion euro per day on average –… Read More
Europe’s leading pan-European instant payment service RT1 turns five By Tayo Joseph | November 21, 2022 • RT1 is well-positioned to help PSPs meet instant payment requirements and adoption timelines proposed by the European Commission • The service is also ready to support its users in leveraging instant payments for innovative user solutions as envisaged in the Regulation proposal EBA CLEARING’s instant payment service RT1 has been in the forefront of… Read More
Quality survey 2022: EBA CLEARING ranks high in user satisfaction By Tayo Joseph | October 19, 2022 Once a year, EBA CLEARING reaches out to its users to solicit feedback on general satisfaction and on specific areas of interaction. Between 19 April and 13 May 2022, representatives of 118 financial institutions participated in this year’s survey which was conducted with the support of an independent survey provider. Overall, EBA CLEARING received very… Read More