Company type | Société par actions simplifiée |
---|---|
Industry | Finance |
Founded | June 1998 |
Founder | Euro Banking Association |
Headquarters | , |
Products | Clearing House, Payment service provider, Payment systems |
Owner | 53 major European payment banks[1] |
Website | www |
EBA Clearing is a provider of pan-European payment infrastructure wholly owned by shareholders that consist of major European banks.
It owns and operates major payment infrastructure in Europe for Euro payments between banks. This includes EURO1 for high value payments system, STEP1, a payment system for single euro payments for small and medium-sized banks, and STEP2, a pan-European automated clearing house (PE-ACH). It also operates the RT1 system for instant payments launched in November 2017.[2][3][4] Both EURO1 and STEP2 have been identified as Systemically Important Payment Systems (SIPS) by the European Central Bank.[5]
The organisation is based in Paris and has representative offices in Brussels, Frankfurt, Helsinki, London and Milan.