OP Corporate Bank and EBA CLEARING issue joint press release By Danielle Katchui Yampang | January 23, 2025 | 0 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 | 0 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 | 0 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