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Top fintech stories this week – 21 April 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Intesa Sanpaolo and EBA Clearing complete first pan-European instant payment test

land area in Europe the night

Italy’s largest retail bank, Intesa Sanpaolo, and EBA Clearing have successfully completed their first user testing activities on Dovetail’s solution for EBA’s pan-European real-time payment platform. Among the institutions funding the new EBA infrastructure, Intesa Sanpaolo is the first one to connect to the test system. The new infrastructure will provide a real-time payment processing […]

ACI Worldwide powers pan-European instant credit transfer scheme


ACI Worldwide has been named by EBA Clearing as one of the “frontrunner service providers” for the pan-European EBA SEPA Instant Credit Transfer Scheme (SCT Inst), due to go live in November 2017. The scheme will enable consumers and businesses to make euro credit transfers in real-time between accounts across an international area that will […]

EBA Clearing unveils specifications for new pan-European instant payment solution


EBA Clearing, a provider of payment infrastructure solutions owned by 53 major banks in Europe, has published the specifications for its future pan-European real-time payments solution. The new solution is set to go live in November 2017. It will comply with the SCT Inst Scheme of the European Payments Council (EPC). The document, which can […]

EBA Clearing sets out roadmap for pan-European instant payments


EBA Clearing has published a blueprint document spelling out high-level business requirements for the pan-European instant payment infrastructure it hopes to start piloting in 2017 following consultation with a task force composed of more than 20 representatives of EBA Clearing service users.

Industry bodies look to harmonise ISO 20022 real-time payment implementation


Global interoperability of real-time payments systems will require harmonisation of market practices and standards. A group of international clearing houses, banks, vendors, payments associations and other parties have proposed setting up an activity to look at how to deliver this under the aegis of the International Standards Organisation – and set an ambitious target of collating an initial variant of ISO 20022 usage guidelines for real-time payments before the summer.

EBA Clearing reports uptick in SEPA payments

Clearstream and three of Europe's custodian banks have formed an asset servicing deal ahead of T2S

EBA Clearing has reported that market participants are gradually adapting to SEPA, with peak day volumes on its Step2 clearing platform above 100 million SEPA credit transfers and SEPA direct debits.

MyBank Mandate SEPA direct debit scheme gears up for launch

MyBank Mandate will support online SEPA direct debit payments

EBA Clearing, the European payment services provider owned by 62 European banks, has reported that its MyBank Mandate pilot scheme, which allows online merchants, public institutions and utility companies in Europe to collect SEPA direct debits online, has passed the first and second phases of testing before it launches later this year.

MyBank E-Mandate pilot ready to go live

EBA Clearing has signed five financial institutions, 11 European service providers and two corporates for its MyBank E-Mandate pilot, which will begin in October and will test the firm’s solution for Sepa core direct debits for reliability, security and usability.

EBA Clearing takes another step on the road towards SEPA

SEPA is a project to harmonise payments in the eurozone

The ability to make bulk bank transfers in euros as efficiently as possible– has moved one step closer, with a move by EBA Clearing, the pan-European payment infrastructure provider, to introduce SEPA services on its STEP2 platform.