Latest NewsNewsletter 23/01/2025 OP Corporate Bank and EBA CLEARING issue joint press release 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 23/01/2025 EBA CLEARING services close out 2024 with record highs 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 17/12/2024 Pan-European OCT Inst Service goes live in RT1 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 10/12/2024 EBA CLEARING launches SEPA-wide VOP solution 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 21/10/2024 RT1 transaction volume continues to rise In September 2024, RT1 processed a new record volume of 95.5 million transactions. The daily average transaction volume rose to a a new high of 3.2 million, amounting to an average value of over 2 billion euro per day. The month closed with a peak daily volume of 4.8 million on 30 September. RT1’s processing… Read more 17/09/2024 EBA CLEARING welcomes 50th active user of FPAD fraud-fighting functionality 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 23/08/2024 RT1 sets transaction records in July In July, instant payment system RT1 processed 95.2 million transaction per month. This is the highest number of transactions processed per month since the launch of RT1 in 2017. July also saw records in the daily average volume and value: RT1 processed 3.1 million transactions worth over 2 billion euro per day on average. Despite… Read more 02/07/2024 EBA CLEARING welcomes new Board members As from 2 July 2024, Katja Lehr of J.P. Morgan and Frantz Teissèdre of Société Générale have joined the Board of EBA CLEARING. Katja Lehr succeeds James Barclay of J.P. Morgan and represents the UK user community. Frantz Teissèdre returns to the EBA CLEARING Board, succeeding Nicolas Cailly as a representative of the French user… Read more 01/07/2024 Pan-European Verification of Payee delivery on track 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 17/06/2024 EBA CLEARING Board elections 2024 At the EBA CLEARING Shareholders Meeting today, EBA CLEARING Chairperson Michele Olin of Allied Irish Banks was re-elected to chair the EBA CLEARING Board for another three-year term. Board members Sergio Dalla Riva of Intesa Sanpaolo, Tanja Konrad of Erste Group Bank, Luis Pedro Simões of Novo Banco, Raouf Soussi Laghmich of BBVA and Jenny Winther of Svenska Handelsbanken were re-elected to serve on the EBA CLEARING… Read more 17/06/2024 Annual Report 2023 now available Learn more about our services and activities in 2023 Download Report Read more 25/01/2024 EBA CLEARING quality survey 2023: very positive ratings throughout Between 12 September and 15 October 2023, EBA CLEARING reached out to its users to solicit feedback on general satisfaction and on specific areas of interaction. Representatives of 118 financial institutions participated in the annual survey, which was conducted with the support of an independent survey provider. EBA CLEARING received excellent feedback with a general user satisfaction rate of 4.2 out of 5 and… Read more 23/11/2023 EBA and EBA CLEARING mourn passing of former long-standing Secretary General and CEO Gilbert Lichter We are saddened to share that our former and long-standing Secretary General and CEO Gilbert Lichter passed away on 20 November. With Gilbert Lichter, the EBA Family and the Single Euro Payments Area have lost one of their founding fathers – a formidable leader and community builder with a strong pan-European vision. A true European,… Read more 09/11/2023 Expert Group kicks off final prep phase for FPAD go-live Sixteen banks from nine countries met today in the Fraud Pattern and Anomaly Detection (FPAD) Expert Group to kick off final preparations for the go-live of the FPAD functionality. The members were able to see FPAD in action as the functionality is now delivered and available for STEP2 and RT1 users to start testing in… Read more 14/09/2023 EBA CLEARING issues specifications and runs analytical pilot for pan-European fraud pattern and anomaly detection 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 19/06/2023 Annual Report 2022 now available Learn more about our services and activities in 2022 Download Report Read more 19/06/2023 EBA CLEARING Board elections 2023 EBA CLEARING Board members James Barclay (J.P Morgan Chase Bank NA), Ivo De Meersman (KBC Bank NV/SA), Giuseppina Femiano (UniCredit SpA), Sophie Giorgi (Crédit Agricole S.A.) and Christof Hofmann (Deutsche Bank AG) were re-elected today at the EBA CLEARING Shareholders Meeting. Read more 16/06/2023 EBA CLEARING introduction flyer 2023 now available An introduction to EBA CLEARING Download flyer Read more 15/06/2023 Frontrunner banks to deliver request to pay proof of concept with EBA CLEARING’s R2P Service 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 24/05/2023 Happy Birthday, STEP2! 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 20/05/2023 EBA CLEARING turns 25! On 20 May 1998, EBA CLEARING was formally constituted by 52 founding banks Read more 08/05/2023 The EBA CLEARING Compliance Package for Users – what, why, how 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 22/03/2023 EBA CLEARING to enrich RT1 and STEP2 with fraud prevention and detection capabilities • 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 21/03/2023 Large-value payment system EURO1 successfully migrates to ISO 20022 • 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 23/11/2022 Growing instant payments in Europe and around the globe: RT1 supports Italian banks on their frontrunner journey 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 21/11/2022 Europe’s leading pan-European instant payment service RT1 turns five • 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 19/10/2022 Quality survey 2022: EBA CLEARING ranks high in user satisfaction 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