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 to… 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
EBA CLEARING’s RT1 reaches critical mass in France By Tayo Joseph | June 19, 2020 French banks ramp up SEPA-wide instant payment connectivity with the support of EBA CLEARING and STET France is the 9th country where RT1 establishes full or close-to-full pan-European reach for instant payments Average daily RT1 volumes approaching 700,000, with peak days close to 1 million EBA CLEARING announced today that its RT1 platform has made… Read More
EBA CLEARING delivers specifications for a pan-European request to pay infrastructure solution By Tayo Joseph | December 16, 2019 The specifications have been created with the support of 27 financial institutions from 11 countries and will be made available to payment service providers and their suppliers for their joining preparations. The development work for EBA CLEARING’s R2P solution is on track for a scheduled go-live in November 2020. EBA CLEARING announced today the delivery… Read More