347:
that was launched in March 2013 by EBA Clearing. The solution enables customers across Europe to pay for their online purchases via their regular online or mobile banking environment without having to disclose confidential data to the merchant or other third parties. The solution can be used for
330:
Through its SEPA Credit
Transfer and Direct Debit offerings, STEP2 provides banks across Europe with one channel through which they can send and receive their SEPA Credit Transfers and SEPA Direct Debits. The STEP2 platform reaches nearly 100 percent of all banks that have signed the SCT and SDD
259:
large-value payment system that settles single Euro transactions of high priority and urgency, and primarily of large amount. EURO1 operates on a multilateral net basis, meaning that it continuously adjusts the accounts of the participant banks as they make payments for each other's customers.
276:
Since 2000, EBA Clearing has been offering a payment service named STEP1 for small and medium-sized banks for single euro payments of high priority and urgency. The technical infrastructure is the same as that of the EURO1 system, both use the messaging and IT infrastructure of SWIFT.
264:
and fulfil a number of additional requirements. EURO1 is subject to German law (current account principle/single obligation structure) and is based on a messaging and IT infrastructure provided by
348:
authorising SEPA Credit
Transfers as well as the creation of SDD mandates. At a later stage, MyBank may also be used for transactions in currencies other than euro or for e-identity services.
810:
367:
scheme. Launched on 21 November 2017, the RT1 fast payment system allows commercial banks to offer fast payments through this system to their customers throughout the
Eurozone.
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Payments are settled in real time with finality. EURO1 The system is owned and operated by EBA Clearing. It is open to banks that have a registered address or branch in the
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system for instant payments launched in
November 2017. Both EURO1 and STEP2 have been identified as Systemically Important Payment Systems (SIPS) by the
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433:[Real-time payments in November 2018: SWIFTNet Instant gives access to EBA Clearing's RT1 system]. IT Finanzmagazin. 11 October 2017.
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system that provides the
European payments industry with a pan-European infrastructure platform for real-time payments in euro under the
705:
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is a provider of pan-European payment infrastructure wholly owned by shareholders that consist of major
European banks.
312:(SEPA) on 28 January 2008, STEP2 has been offering SEPA Credit Transfer processing services across all SEPA countries.
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Its initial mission was to create and operate the clearing and settlement system for high-value euro transactions,
17:
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It owns and operates major payment infrastructure in Europe for Euro payments between banks. This includes
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In 2016, banks from nine countries agreed to create RT1, EBA Clearing's pan-European infrastructure for
162:
444:
324:
756:[The Bank of Latvia is preparing to introduce lightning-fast payments on a European scale].
431:"Echtzeitzahlungen ab November 2018: SWIFTNet Instant gibt Zugang zum RT1-System von EBA Clearing"
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Today, MyBank is owned and managed by PRETA S.A.S., a wholly owned subsidiary of EBA Clearing.
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680:
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239:
319:, EBA Clearing has been processing SEPA Direct Debits with its STEP2 SDD Core and STEP2
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227:(PE-ACH) for Euro-denominated retail payments. In March 2013, EBA Clearing launched
761:
219:, a payment system for single euro payments for small and medium-sized banks, and
149:, a payment system for single euro payments for small and medium-sized banks, and
754:"Банк Латвии готовится к введению молниеносных платежей в европейском масштабе"
490:"EBA Clearing, Irish Payment Services Organisation launch STEP2 Irish service"
290:
212:
177:
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235:, which is geared at facilitating the growth of e-commerce across Europe.
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173:
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301:(PE-ACH). This means that it complies with the principles set by the
211:, which the EBA had transferred to EBA Clearing at the launch of the
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204:(EBA) and is owned by the major payment banks operating in Europe.
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189:
169:
78:
402:"SwiftNet Instant to provide access to EBA Clearing's RT1 system"
504:"EBA Clearing joined by coalition of banks for instant payments"
417:"Competition questions arise over MasterCard's VocaLink buy-out"
294:
788:
122:
305:(EPC) for a PE-ACH Compliant Clearing and Settlement System.
530:"Instant payments in Europe: moving from theory to practice"
215:
in 1999. Besides EURO1, EBA Clearing also owns and operates
445:"ECB identifies systemically important payments systems"
706:"Cash management debate: SEPA: A new model for Europe?"
532:. Banking Technology. 17 October 2017. Archived from
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Since 2 November 2009, the transposition date of the
681:"SEPA Direct Debit ("Business to Business") Service"
506:. IBS Intelligence. October 11, 2017. Archived from
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109:
91:
73:
63:
48:
38:
28:
285:STEP2 was put into operation in 2003 with Italian
242:in Euro, The system went live in November 2017.
811:Business and finance professional associations
343:MyBank is a pan-European e-authorisation and
200:EBA Clearing was founded in June 1998 by the
8:
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22:
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299:pan-European automated clearing house
225:pan-European automated clearing house
155:pan-European automated clearing house
7:
633:"SEPA Credit Transfer (SCT) Service"
460:
458:
331:Scheme Adherence Agreements of the
752:Kantsans, Yuri (28 October 2017).
231:, an e-authorisation solution for
172:and has representative offices in
14:
415:Long, Kimberley (July 28, 2016).
157:(PE-ACH). It also operates the
145:for high value payments system,
704:Golden, Paul (April 23, 2015).
492:. ThePaypers. October 12, 2011.
113:53 major European payment banks
293:It processes mass payments in
33:Société par actions simplifiée
1:
806:Banking in the European Union
404:. FinExtra. October 20, 2017.
168:The organisation is based in
365:SEPA Instant Credit Transfer
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832:
317:Payment Services Directive
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18:European Banking Authority
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333:European Payments Council
310:Single Euro Payments Area
303:European Payments Council
657:"STEP2 SDD Core Service"
345:Online Banking ePayments
202:Euro Banking Association
158:
100:Payment service provider
68:Euro Banking Association
16:Not to be confused with
359:RT1 is a pan-European
308:From the beginning of
449:European Central Bank
163:European Central Bank
724:"PRETA Sas - MyBank"
466:"About EBA CLEARING"
325:Business to Business
510:on November 7, 2017
388:"Shareholder banks"
25:
764:on 7 November 2017
685:www.ebaclearing.eu
661:www.ebaclearing.eu
637:www.ebaclearing.eu
608:www.ebaclearing.eu
604:"STEP2-T Platform"
584:www.ebaclearing.eu
560:www.ebaclearing.eu
536:on 7 November 2017
470:www.ebaclearing.eu
24:EBA Clearing S.A.S
451:. 21 August 2014.
321:SEPA Direct Debit
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132:
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816:Payment networks
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791:
789:Official website
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390:. EBA Clearing.
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257:RTGS-equivalent
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246:Payment systems
233:online payments
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104:Payment systems
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781:External links
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52:June 1998
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734:on 2017-01-06
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766:. Retrieved
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736:. Retrieved
732:the original
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688:. Retrieved
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664:. Retrieved
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651:
640:. Retrieved
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616:. Retrieved
612:the original
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598:
587:. Retrieved
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563:. Retrieved
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538:. Retrieved
534:the original
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512:. Retrieved
508:the original
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419:. Euromoney.
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136:EBA Clearing
135:
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125:.ebaclearing
74:Headquarters
29:Company type
758:baltnews.lv
514:October 30,
255:EURO1 is a
800:Categories
768:6 November
738:2017-01-06
690:2017-06-21
666:2017-06-21
642:2017-06-21
618:2017-06-21
589:2017-06-21
565:2017-06-21
540:4 November
475:2017-06-21
374:References
291:SIA S.p.A.
213:Eurosystem
710:Euromoney
289:provider
178:Frankfurt
182:Helsinki
174:Brussels
92:Products
39:Industry
580:"STEP1"
556:"EURO1"
335:(EPC).
196:History
118:Website
64:Founder
56:1998-06
54: (
49:Founded
43:Finance
339:MyBank
229:MyBank
186:London
85:France
295:euros
281:STEP2
272:STEP1
266:SWIFT
251:EURO1
221:STEP2
217:STEP1
209:EURO1
190:Milan
170:Paris
151:STEP2
147:STEP1
143:EURO1
110:Owner
79:Paris
770:2017
542:2017
516:2017
223:, a
188:and
153:, a
355:RT1
159:RT1
127:.eu
123:www
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