EBA CLEARING Services successfully complete 9 October 2025 changeover By Bettina Hessler | October 9, 2025 PSPs across the eurozone passed an important regulatory milestone today with the support of RT1, STEP2 SCT and FPAD VOP. EBA CLEARING announced today that its RT1 and STEP2 SCT user communities have successfully completed the 9 October 2025 milestone of the Instant Payments Regulation (IPR), following the upgrade of the Company’s services to the… Read More
Pan-European testing confirms that FPAD VOP is ready to scale By Bettina Hessler | September 26, 2025 With volume testing for Verification of Payee, EBA CLEARING supports PSPs across Europe in meeting key Instant Payments Regulation (IPR) requirements. EBA CLEARING announced today that its Verification of Payee (VOP) solution has been tested at scale by a large group of STEP2 and RT1 users. This wide pan-European community of payment service providers (PSPs)… Read More
Multinational banks are building reach for One-Leg Out Instant Credit Transfers By Bettina Hessler | September 18, 2025 The 10 banks will be reachable in EBA CLEARING’s RT1 OCT Inst Service within two years. They are inviting others to join and commit to the same timeline. This move is an important step towards further improving cross-border payments for end users. EBA CLEARING announced today that 10 major multinational banks have expressed that… Read More
Strong uptake of EBA CLEARING’s FPAD VOP solution By Bettina Hessler | May 22, 2025 Over 55 RT1 and STEP2 Participants across 14 countries to adopt FPAD VOP FPAD VOP timely enhanced with various extra options to ensure full reach EBA CLEARING announced today that over 55 RT1 and STEP2 Participants across 14 countries are preparing to adopt its Fraud Pattern and Anomaly Detection (FPAD) Verification of Payee (VOP) solution… 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
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
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
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
Pan-European proof of concept showcases value of request to pay By Tayo Joseph | May 6, 2024 • Frontrunners successfully exchanged request to pay messages via EBA CLEARING’s R2P Service • The proof of concept also demonstrated the benefits request to pay brings to invoicing in the B2B space, as featured in a video capturing the PoC results EBA CLEARING announced today that, together with eight multinational payment service providers (PSPs), the… Read More