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
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
EBA CLEARING launches SEPA-wide VOP solution By Danielle Katchui Yampang | December 10, 2024 | 0 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 | 0 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 | 0 • 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
Pan-European verification of payee ready by December By Tayo Joseph | April 8, 2024 | 0 EBA CLEARING community is taking instant payments to the next level EBA CLEARING announced today that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with… Read More
EBA CLEARING to launch OCT Service on RT1 By Tayo Joseph | March 26, 2024 | 0 New cross-border payment service to become available by November 2024 EBA CLEARING announced today the delivery of a One-Leg Out Instant Credit Transfer (OCT Inst) Service in the RT1 System for November 2024. This new cross-border service in RT1 will be developed in line with the OCT Inst Scheme of the European Payments Council (EPC).… Read More
EBA CLEARING issues specifications and runs analytical pilot for pan-European fraud pattern and anomaly detection By Tayo Joseph | September 14, 2023 Nine banks from six countries are engaged in the data model training for the new fraud-fighting functionality in STEP2 and RT1 EBA CLEARING announced today that it has issued the specifications for its pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality. The pan-European payment infrastructure provider also delivered a developer portal, including a sandbox, to… Read More
EBA CLEARING to kick off analytical pilot for pan-European fraud pattern and anomaly detection By Tayo Joseph | June 19, 2023 Delivery of fully-fledged fraud prevention and detection functionality for all STEP2 and RT1 users on track for November 2023 EBA CLEARING announced at its Shareholders Meeting in Madrid today that it will kick off the analytical pilot for the pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality in July 2023. The Company reported that the… Read More