22 August 2017
Visit http://response.ncr.com

EBA Clearing unveils Step2 card clearing service

10 June 2014  |  1882 views  |  0 Source: EBA Clearing

EBA Clearing announced at the EBAday conference in Helsinki today that the Company is implementing a Step2 Card Clearing Service for a go-live in April 2015.

The new STEP2 service will be based on the SEPA Card Clearing Framework developed by the Berlin Group, a group of 27 major players in the card industry from 25 countries in and beyond the Eurozone; the aim of the Berlin Group is to standardise card clearing across Europe by leveraging SEPA infrastructure.

The service has been developed at the request of a group of major German banks who have agreed to be the launching community of the STEP2 Card Clearing Service. The banks will use the STEP2 Card Clearing Service for clearing payments related to pre-authorised card transactions in line with the specifications of the German GIROCARD scheme.

The new pan-European service on EBA CLEARING's euro retail payment platform will enable user banks to leverage their XML infrastructure and to re-use the interfaces and bank-internal systems they have put in place for the STEP2 SEPA Direct Debit Services.

The service is open to all banks and EBA CLEARING invites all banks wishing to take advantage of the new service to express their interest. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12413 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10971 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10203 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10157 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10060 views comments | 21 tweets | 34 linkedin

Featured job

Find your next job