Latest news

SWIFTNet Instant to provide access to EBA CLEARING's RT1 system

RT1 users will be able to access the platform via SWIFTNet Instant in November 2018.
Press release

Banks from nine countries to join RT1 for go-live

This first group of RT1 users is currently completing the required testing for connecting to the platform.
Press release

Discover all the latest news and updates about EBA CLEARING's instant payment service

EBA CLEARING's instant payment activities

In co-operation with financial institutions from all over Europe, EBA CLEARING is delivering RT1, an infrastructure solution for the processing of instant SEPA credit transfers at a pan-European level. The new payment system will be operating around the clock on any day of the year. It will support payment service providers in transferring euro transactions between payment accounts in less than 10 seconds end to end, with immediate availability of the payment amount to the beneficiary.

From November 2017 on, financial institutions from all over Europe will be able to use RT1 for any payment product in euro that will be fully compliant with the SCT Inst Scheme of the European Payments Council (EPC) and in line with the ISO 20022 global messaging standards for real-time payments.

The pan-European instant payment service of EBA CLEARING is scheduled to go live on the launch date of the SCT Inst Scheme.

Act now on instant payments

In this video, Erwin Kulk, Head of Services Development and Management at EBA CLEARING, and Barry Kislingbury, Director, Solution Consulting, Immediate Payments, ACI Worldwide, discuss the importance of ubiquity for instant payments in Europe, the role of service providers in helping achieve reach and sharing their experiences of real-time payments implementations globally, and the reasons for banks not to wait to get real-time ready.

Key benefits of the service

  • Designed to build pan-European reach

  • Open to any Scheme-adhering PSP

  • Robust and resilient infrastructure platform

  • 24/7 non-stop service

  • Comprehensive risk controls to mitigate settlement risks

  • Future-proof in terms of scalability and flexibility

  • Compliant with the EPC SCT Inst Scheme

  • Use case-agnostic design

  • End-to-end processing within less than 5 seconds

  • Full settlement certainty also during TARGET2 closing hours

  • Liquidity-efficient arrangements