18 August 2017
Find out more

EBA Clearing unveils Step2 card clearing service

10 June 2014  |  1877 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)
visit www.abe-eba.euvisit www.niceactimize.comdownload the paper now

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10245 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8470 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7900 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7849 views comments | 3 tweets | 7 linkedin