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 the request of its users. The new service allows payment service providers to leverage the pan-European instant payment system for cross-border payments that have one euro leg inside and one leg outside the Single Euro Payments Area (SEPA).
Read press releaseThe new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC). With this delivery, EBA CLEARING provides the 5,000 PSPs that are connected to its RT1 and STEP2 Services with a comprehensive pan-European solution, which is designed to build SEPA-wide reach for Verification of Payee.
Read press releaseIn September 2024, RT1 processed a new record volume of 95.5 million transactions.
Read moreEBA CLEARING announced today that its pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality already counts 50 active users. FPAD has been available for RT1 and STEP2 users since March 2024, offering a wide range of real-time fraud-fighting tools based on fraud patterns and anomalies that can be identified at network level. The speedy uptake of the functionality demonstrates both the value provided by the functionality and how easily it can be integrated by users.
Read press releaseIn July, instant payment system RT1 processed 95.2 million transactions per month.
Read moreAs from 2 July 2024, Katja Lehr of J.P. Morgan and Frantz Teissèdre of Société Générale have joined the Board of EBA CLEARING.
Read moreEBA CLEARING publishes specifications to provide PSPs with Verification of Payee at a pan-European level
Read press releaseLearn more about our services and activities in 2023
Download ReportThe Chairperson and five Board members were re-elected by the Shareholders Meeting
Read moreBetween 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.
Continue readingThe former Secretary General and CEO passed away on 20 November 2023.
Read obituarySixteen banks from nine countries met today in the Fraud Pattern and Anomaly Detection (FPAD) Expert Group for a sneak preview of the FPAD functionality in action.
Read moreNine banks from six countries are engaged in the data model training for the new fraud-fighting functionality in STEP2 and RT1
Read press releaseLearn more about our services and activities in 2022
Download ReportEBA 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 analytical pilot will allow EBA CLEARING to validate and refine the fraud pattern and anomaly detection models with the participants, in anticipation of the launch in November 2023.
Read press releaseEBA 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.
An introduction to EBA CLEARING
Download flyerEBA 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 (PoC). The aim of this initiative is to showcase how to roll out and create value around request to pay to pave the way for live implementation.
Read press releaseFrom SEPA vision to cornerstone of its payment processing infrastructure: STEP2 turns 20
Read moreOn 20 May 1998, EBA CLEARING was formally constituted by 52 founding banks
Learn moreWe are pleased to announce a new video in our explainer video series. In this video, viewers can learn more about the compliance information EBA CLEARING provides to its service users.
Read more and watch videoEBA CLEARING announced today that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities by November 2023. The Company’s new Fraud Pattern and Anomaly Detection (FPAD) solution will support RT1 and STEP2 users in complementing their fraud-fighting tools and assessments with insights from a central network view.
Read press releaseEBA CLEARING announced today that its systemically important payment system EURO1 has successfully migrated to ISO 20022.
Read press releaseOn 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 – and volumes continue to grow by up to 50% on an annual basis.
Continue readingEBA CLEARING’s instant payment service RT1 has been in the forefront of the real-time payment ramp-up across Europe. Today, on its fifth anniversary, the leading pan-European instant payment system reaches 85 per cent of bank customers in SEPA and processes over two million transactions worth 1.5 billion euro per day on average.
Read press releaseOnce 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.
Continue readingFirst participants are preparing to exchange cross-border instant payments as part of a live pilot with financial institutions in the United States and Europe. The pilot will leverage the real-time payment systems, RTP® and RT1, the IXB solution and key SWIFT components for transactions in the euro and U.S. dollar currency corridor.
Read press releaseToday, the participants in EBA CLEARING’s pan-European euro mass payment system, STEP2, successfully concluded the migration to the new continuous gross settlement (CGS) mechanism. With this achievement, the STEP2 user community has completed the groundwork for faster delivery of SEPA payments and extended opening hours for STEP2.
Read press releaseRobert Heisterborg was re-elected as Deputy Chairman of the EBA CLEARING Board
Continue readingBoard members were re-elected for another term by the EBA CLEARING Shareholder Representatives
Continue readingLearn more about services and activities in 2021
Download ReportTaking 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.
Read press releaseEBA CLEARING has recently welcomed four new participants to its RT1 Service, raising the number of payment service providers directly connected to the service to 80.
Continue readingLearn more about the benefits of the ISO 20022 migration, user milestones and support for EURO1 Participants.
Continue readingRT1 community and EBA CLEARING are first movers implementing Eurosystem measures for euro instant payments
Read press releaseBanks 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.
Read press releaseEBA CLEARING Shareholders also elected five other members to the Board of the leading private-industry provider of pan-European payment systems
Continue readingSeven contestants pitched their ideas for end-user solutions leveraging EBA CLEARING’s request to pay messaging infrastructure.
Read press releaseLearn more about our services and activities in 2020
Download reportThis year’s quality survey showed excellent results with an increased overall average user satisfaction rate of 4.2 (out of 5).
Read moreEBA 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 new SEPA scheme.
Read press releaseOn 6 April 2021, two of EBA CLEARING’s services reached new volume records.
Continue readingVisit the EBA CLEARING Customer Portal to download the new issue
Got to portalEnhanced 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
Read press releaseEBA CLEARING announced today that its RT1 platform has reached critical mass in Belgium for instant payments. The leading pan-European instant payment infrastructure system currently counts six participants based in Belgium: Aion SA, BNP Paribas Fortis, Belfius, CBC Banque, ING Belgium and KBC Bank. Thanks to this coverage, the vast majority of Belgian payment accounts are now reachable for euro instant payments from all across Europe.
Read press releaseIn 2020, EBA CLEARING processed a total of 15.5 billion transactions across its payment services, which is 1.3 billion more than in 2019. December 2020 saw an all-time record of transactions processed across all services of almost 1.5 billion.
Continue readingEBA CLEARING announced today that its RT1 platform has considerably expanded its reach in Luxembourg. Five new joiners connected to RT1 today, including two participants from Luxembourg: Banque et Caisse d’Epargne de l’Etat, Luxembourg and Banque Internationale à Luxembourg.
Read press releaseLearn from future R2P users how they approach request to pay, how it ties in with their instant payment strategy and which first steps they are planning to take.
Watch videoA recent Finextra article examines the key elements in the UK's Open Banking approach to request to pay and the pan-Europan 4-corner model approach are and why the two approaches are different.
Read the articleEBA CLEARING today announced the timely start of the testing phase for its pan-European request to pay infrastructure (R2P) service, which is scheduled to go live in November 2020 in line with the launch of the SEPA Request to Pay Scheme by the European Payments Council (EPC).
Read press releaseEBA CLEARING announced today that its RT1 platform has made considerable progress in building up pan-European instant payment reach across the French retail payments market.
Continue readingIn the annual quality survey, EBA CLEARING received an average user satisfaction rate of 4.0 (out of 5).
Read moreThe development work for EBA CLEARING’s R2P solution is on track for a scheduled go-live in November 2020.
Read press releaseInstant payment system RT1 processed over 3 million transactions in the week between 28 October and 3 November
The collaboration builds on a 20-year partnership and advances a broader future positioning programme that began last year.
Read the press release issued by SWIFTThe delivery of the solution is supported and funded by 26 financial institutions from 11 countries for a go-live in 2020.
Read press releaseA white paper
Read and downloadRead here
Financial institutions from 11 countries have responded to a call for contributing to the development of this important enabler of instant payments
Read press releaseAt the Annual Meeting 2019, the EBA CLEARING Shareholders re(elected) members of the Board.
Continue readingSix major players in the Finnish retail payments market are now connected to the pan-European instant payment system of EBA CLEARING
Read moreRT1 provides instant payment coverage to 1,700+ PSPs in Germany via seven service participants
Read press releaseAn average user satisfaction rate of 4.0 (out of 5) and additional scores confirming a strong customer relationship: these are the very positive key results of EBA CLEARING’s quality survey 2018.
Read moreSTEP2 SCT and STEP2 Card Clearing both saw new all-time daily average volume records with 21.1 million and 11 million payment transactions processed respectively. RT1 also reached a new daily average volume in December 2018 with 88 thousand transactions processed.
RT1 passed the 10-million-transaction mark on 3 January 2019.
The task force will be working on a blueprint setting forth suitable solution(s)
Read press release11 months after go-live, the pan-European instant payment platform reaches PSPs in 12 countries, processing over 70,000 real-time payments in euro per day.
Read press releaseEBA CLEARING and SWIFT announced today the start of a work programme to migrate the large-value payment system (LVPS) EURO1 to the ISO 20022 standard.
Read moreEBA CLEARING announced today that its pan-European instant payment system RT1 successfully connected six new participants yesterday. German savings bank sector connected to RT1 via LBBW and Helaba.
Read moreEBA CLEARING gab heute bekannt, dass das Echtzeitzahlungssystem RT1 des Unternehmens gestern erfolgreich sechs neue Teilnehmer angeschlossen hat. Der deutsche Sparkassensektor schloss sich über LBBW und Helaba an RT1 an.
Lesen Sie weiterEBA CLEARING announced at the EBAday conference in Munich today that it is aiming to optimally support the users of its different services in their integration of management and monitoring tasks as the industry is preparing for the migration of large-value payment systems, such as TARGET2 or EURO1, to ISO 20022 standards.
Press releaseEBA CLEARING Chairman Erkki Poutiainen (Nordea) hands over to Petia Niederländer (ERSTE Group Bank), who was appointed as his successor by the Company’s Shareholders Meeting 2018 today.
Joint this EBA CLEARING special interest session on 12 June to learn more about RT1
More detailsRT1 has processed EUR 635 million since its launch on 21 November 2017
EBA CLEARING’s STEP2 platform has seen a new all-time peak: 156 million transactions were settled on 3 April 2018. On the same day, the STEP2 SCT Service saw a new volume record with a total of 41.7 million transactions settled, and the STEP2 SDD B2B Service witnessed a new volume peak with over 1 million transactions settled.
The STEP2 Card Clearing Service has seen a new volume record with a total of 23.5 million payments settled on 3 April 2018.
Three months after go-live, the pan-European platform handles more than 10,000 real-time payments in euro per day.
Press releaseA total of 118.8 million SEPA Core Direct Debits settled on 2 January 2018.
EBA CLEARING today confirmed that instant payment system RT1 went live this morning. 17 banks from eight countries connected to RT1 today, extending SCT Inst reach to 500+ PSPs across SEPA.
Press releaseSee all participating banks and download a list of addressable PSPs
hereIBERPAY and EBA CLEARING announced today that the Spanish retail payment system is ready to provide Europe-wide instant payment connectivity to Spanish banks with the support of IBERPAY’s CICLOM platform and EBA CLEARING’s RT1 system.
Press releaseRT1 users will be able to access the platform via SWIFTNet Instant in November 2018.
Press releaseThis first group of RT1 users is currently completing the required testing for connecting to the platform.
Press releaseEBA CLEARING's STEP2 platform has seen a new all-time peak: Over 155 million transactions were settled on 2nd October 2017. STEP2 SDD Core also reached a new individual peak record with a total of 107.3 million SEPA Core Direct Debits settled on the same day.
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Comunicato stampaUniCredit and EBA CLEARING today announced that UniCredit has started testing with RT1, EBA CLEARING’s pan-European, real-time payment platform.
Press releaseThe pan-European infrastructure provider will work with users on the evolution of its flagship service in the face of ongoing and emerging market developments
Press ReleaseThe paper presents key factors for a successful ramp-up of real-time payments, such as payment certainty and reach, and explains how these can be supported at an infrastructure level.
Press release White paper (PDF) White paper (e-book)EBA CLEARING’s STEP2 platform has seen a new all-time peak: nearly 153 million transactions were settled on 2nd May 2017. STEP2 SCT has seen a new volume record with a total of 32.75 million payments settled on 2nd May 2017, same as STEP2 CC with a total of 18.1 million and SDD B2B with 884,288 transactions settled on the same day.
STEP2 CC has seen a new volume record with a total of 18,4 million card payments settled on 18th April 2017.
Intesa Sanpaolo and EBA CLEARING announce successful first testing results for RT1.
Press releaseEBA CLEARING’s STEP2 platform has recorded a new all-time peak: more than 147 million transactions were settled on 3 April 2017. On the same day, the STEP2 CC Service saw a new volume record with a total of 15.5 million payments settled and the SEDA Service witnessed a new peak with more than 13.5 million messages processed in March 2017.
Future service participants can use SIANet or EBICS to connect to the new pan-European real-time payment infrastructure from November 2017 on – other options may follow later.
Press releaseThe financial institutions from across SEPA that fund the delivery of this infrastructure project witnessed the functioning of the new system in the test environment today during the kick-off meeting for the testing phase in Milan. The implementation of EBA CLEARING’s pan-European instant payment infrastructure platform is fully on track for its go-live in November 2017, on the launch date of the SCT Inst Scheme of the European Payments Council.
Press releaseEBA CLEARING’s STEP2 SEPA Services saw a new all-time volume peak on 2 January 2017: more than 141 million transactions were settled on that day. On the same day, STEP2 SDD Core also reached a new individual peak record with a total of 105 million SEPA Core Direct Debits settled. December 2016 marked a record month for the EBA CLEARING’s SEDA Service, which processed more than 11.6 million transactions in total during that period.
The video of EBA CLEARING's Sibos Community Session "Fast, faster, instant" is now available online. Please click on the link below to view the video and hear from industry frontrunners about the pan-European real-time payment system they are developing for November 2017.
VideoEBA CLEARING witnesses continued strong growth in support for pan-European real-time payment platform.
Press releaseEBA CLEARING makes available specifications for its pan-European instant payment solution.
Press releaseEBA CLEARING today provided a sneak preview of the system design, functionality and interface specifications for its future pan-European instant payment platform to a wide audience of payment practitioners and stakeholders at the industry conference EBAday in Milan. The specifications will be published in the course of the summer.
Press releaseEBA CLEARING announced today that the Company has secured strong commitment among future users for the launch of its pan-European instant payment platform. With nearly 40 underwriting banks serving all customer segments throughout SEPA, EBA CLEARING will now proceed as planned with the delivery of its pan-European instant payment infrastructure solution for Q4 2017.
Press releaseEBA CLEARING’s STEP2 platform responds to corporate requirement for nearly unlimited structured remittance information in SEPA Credit Transfers.
Press releaseEBA CLEARING records a new peak in the Company’s history: in March 2016 a total of 1 billion transactions have been settled in a single month. The record peak includes transactions settled in the EURO1/STEP1 Services, the STEP2 SEPA Services as well as the STEP2 Card Clearing Service.
EBA CLEARING’s SEDA Service has witnessed a new peak with more than 10.5 million transactions in total in March.
EBA CLEARING and SIA have signed a letter of intent for the technical delivery of a pan-European infrastructure solution for instant payments.
Press releaseEBA CLEARING’s STEP2 platform has seen a new all-time peak: more than 134 million transactions were settled on 4 January 2016. STEP2 SDD Core has also seen a new volume record with a total of 103 million SEPA Core Direct Debits settled on the same day.