EBA CLEARING

COMPANY INFORMATION

EBA CLEARING is a provider of pan-European payment infrastructure solutions processing over 17 billion transactions per year. Founded in 1998, the Company is owned by 48 of the major banks operating in Europe and is based on a country-neutral governance model. The payment systems of EBA CLEARING are pan-European by design and desire: they are developed in close co-operation with the Company's multinational user community and best-of-breed technology partners. EBA CLEARING manages and operates the payment services EURO1, STEP2 and RT1. Both EURO1 and STEP2 have been classified as systemically important payment systems (SIPS) by the European Central Bank. RT1, the first pan-European real-time payment system, processes euro instant payments complying with the European Payments Council's SEPA Instant Credit Transfer Scheme. R2P, the Company's pan-European Request to Pay infrastructure messaging service, was developed and implemented with the support of 27 payment service providers from 11 European countries. Since March 2024 STEP2 SCT and RT1 comprise Fraud Pattern and Anomaly Detection (FPAD) a fraud-fighting functionality, which gives STEP2-T and RT1 Participants access to a wide range of real-time fraud prevention and detection tools. FPAD also provides payment service providers (PSPs) with a Verification of Payee (VOP) function, allowing them to meet the requirements of the EU Instant Payments Regulation. FPAD and its VOP function are integral parts of the STEP2 SCT and RT1 SCT Inst Services and can be directly used by Participants in these services.