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December 18, 2024

On the web

Pan-European OCT Inst Service Goes Live in RT1

EBA Clearing

"EBA CLEARING announced 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)"

December 11, 2024

On the web

EBA Clearing Launches SEPA-Wide VOP Solution

EBA Clearing

"EBA CLEARING announced the launch of its SEPA-wide VOP solution. The 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)."

July 1, 2024

On the web

April 9, 2024

On the web

Pan-European Verification of Payee Ready by December

EBACLEARING

"EBA CLEARING announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024...With the delivery of Verification of Payee, the Company will support payment service providers (PSPs) in offering IBAN/name matching services to their customers for their SEPA transactions."

March 29, 2024

On the web

October 6, 2022

On the web

Immediate Cross-Border Payments (IXB) Pilot Set to Revolutionize International Payments

The Clearing House

“EBA CLEARING, The Clearing House (TCH) and SWIFT announced today that the delivery of the Immediate Cross-Border Payments (IXB) pilot service is on track and is set to revolutionize cross-border payments. The IXB pilot service will leverage the existing real-time payment systems RTP® in the United States, run by TCH, and RT1 in Europe, run by EBA CLEARING. IXB will begin processing the first live transactions in the euro and U.S. dollar currency corridor in the coming months. Developed with the support of 25 financial institutions from both sides of the Atlantic, the IXB pilot has been progressing during the past six months, resulting in the timely delivery of the IXB solution processing the technical messaging between the pilot institutions engaged in the testing and the respective payment systems. End-to-end testing between RTP, the IXB app and RT1 is ongoing with user integration and testing following shortly thereafter.”

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