EBA Clearing Revises Pan-European Instant Payments Blueprint
Pan-European payment infrastructure provider EBA Clearing has updated its blueprint for an instant payment infrastructure solution following a consultation exercise that aims to further improve and specify the requirements for a pan-European instant payment infrastructure solution.
The consultation exercise, which ran from July to September 2015, involved 230 participants who took part in dedicated consultations organized in eight countries and webinars.
The blueprint document outlines high-level business requirements and presents a roadmap 2015-2018 for the delivery of a pan-European instant payment infrastructure solution.
First compiled based on the input of more than 20 representatives of EBA Clearing service users from all over Europe, the blueprint’s first edition earned a lot of interest from the industry.
In line with the update, the company’s future instant payment infrastructure solution will seek to support any real-time payment products that European payment service providers may offer, as well as meet the requirements of a pan-European SCT scheme for instant payments as proposed by the European Payments Council (EPC).
EBA Clearing also aims to offer a pan-European service for instant payments in the clearing and settlement layer to PSPs by 2018.
Hays Littlejohn, Chief Executive Officer of EBA Clearing, commented, “We would like to thank the many contributors to this consultation process for their feedback on our blueprint. It has helped us in our work to further refine the requirements for a pan-European instant payment infrastructure solution. This marks an important step in view of the next phases towards the delivery of this solution.”