EBA CLEARING, SWIFT and The Clearing House to deliver pilot service for immediate cross-border payments By Tayo Joseph | April 28, 2022 Taking the next step towards faster cross-border payments, banks from both sides of the Atlantic are preparing to exchange payments across TCH’s and EBA CLEARING’s real-time payment systems. EBA CLEARING, SWIFT and The Clearing House (TCH) announced today that they plan to launch a pilot service for immediate cross-border (IXB) payments with the support of… Read More
STEP2 to process payments within minutes and around the clock By Tayo Joseph | January 18, 2022 From November 2022, EBA CLEARING’s pan-European mass payment system will be upgraded to process SEPA transactions around the clock, seven days a week, and to provide settlement results to participating banks in minutes. The planned upgrade will enable STEP2 participants to shorten end-to-end processing timelines for retail payments in euro from hours to minutes, for… Read More
EBA CLEARING successfully completes migration of RT1 technical account to TIPS By Tayo Joseph | December 13, 2021 RT1 community and EBA CLEARING are first movers implementing Eurosystem measures for euro instant payments EBA CLEARING announced today the successful migration of the RT1 technical account from TARGET2 to TIPS. The live activation for the RT1 community – over 2,500 payment service providers in 25 countries – took place on 10 December 2021 as… Read More
EBA CLEARING, SWIFT and The Clearing House join forces to speed up and enhance cross-border payments By Tayo Joseph | October 11, 2021 Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payment as part of a proof of concept demonstrating the feasibility of synchronizing settlement across existing instant payment systems in one of the world’s largest currency corridors. With the support of banks from both sides of the Atlantic, EBA… Read More
EBA CLEARING announces winners of the R2P ideation contest By Tayo Joseph | June 28, 2021 Seven contestants pitched their ideas for end-user solutions leveraging EBA CLEARING’s request to pay messaging infrastructure EBA CLEARING hosted an online event today in which seven contestants from its R2P and RT1 user community, as well as their technical service providers, pitched their ideas for innovative request to pay end-user solutions. The contest was aimed… Read More
EBA CLEARING and IBERPAY launch interoperable SEPA Request-to-Pay services By Tayo Joseph | June 15, 2021 EBA CLEARING and IBERPAY announced today that they have delivered two interoperable services to process messages and provide functionalities complying with the new SEPA Request-to-Pay Scheme (SRTP) created by the European Payments Council (EPC). The joint launch of these new infrastructure services took place today, on the day of the entry into force of the… Read More
New RT1 specifications to help users benefit from future TIPS set-up By Tayo Joseph | April 23, 2021 Enhanced RT1 Instructing Party Functionality for TIPS will allow RT1 Participants all across Europe to manage their SCT Inst traffic and liquidity easily from a single access point EBA CLEARING announced today that it has issued user specifications for new functionality that will help its RT1 Participants manage instant payment flows across the RT1 and… Read More
EBA CLEARING’s RT1 reaches critical mass of Belgian PSPs for instant payments By Tayo Joseph | February 9, 2021 The leading pan-European instant payment platform counts six participants in Belgium, which represent the vast majority of local payment accounts In total, RT1 has established critical mass for instant payments in 11 European countries RT1 currently processes over 1 million transactions per day EBA CLEARING announced today that its RT1 platform has reached critical mass… Read More
EBA CLEARING’s RT1 expands instant payment reach in Luxembourg By Tayo Joseph | November 26, 2020 Two major PSPs from Luxembourg joined RT1 today With these additional connections, RT1 has established critical mass for instant payments in 10 European countries RT1 currently processes over 1 million transactions per day on weekdays EBA CLEARING announced today that its RT1 platform has considerably expanded its reach in Luxembourg. Five new joiners connected… Read More
Timely start of test phase for pan-European request to pay infrastructure service of EBA CLEARING By Tayo Joseph | June 23, 2020 The R2P system has been delivered and was presented to the funding institutions today The project is on track to start the testing and onboarding of early adopting users The service is ready for go-live in November 2020 in alignment with the launch of the EPC SEPA Request to Pay Scheme EBA CLEARING today announced… Read More