COMPANY INFORMATION

EBA CLEARING is a provider of pan-European payment infrastructure solutions processing over 21 billion transactions per year. Founded in 1998, the Company is owned by 48 of the major banks operating in Europe and is based on a country-neutral governance model. The payment systems of EBA CLEARING are pan-European by design and desire: they are developed in close co-operation with the Company's multinational user community and best-of-breed technology partners. EBA CLEARING manages and operates the payment services EURO1, STEP2 and RT1. Both EURO1 and STEP2 have been classified as systemically important payment systems (SIPS) by the European Central Bank. RT1, the first pan-European real-time payment system, processes euro instant payments complying with the European Payments Council's SEPA Instant Credit Transfer Scheme. Since March 2024 a new functionality has been available for RT1 and STEP2 users, Fraud Pattern Anomaly Detection (FPAD), offering a wide range of real-time fraud-fighting tools based on fraud patterns and anomalies that can be identified at network level. FPAD supports payment service providers (PSPs) in fighting fraud at two different points in the life cycle of a payment: during payment initiation (fraud prevention) and after transactions have settled (fraud detection). FPAD already provides a comprehensive IBAN/name matching solution, which will be complemented with Verification of Payee functionality, as required by the Instant Payments Regulation, all across SEPA starting from December 2024. With the integration of FPAD, PSPs can improve their fraud detection rates, create efficiency savings and reduce fraud losses whilst minimising friction for their customers. R2P, the Company's pan-European request to pay infrastructure messaging service, was developed and implemented with the support of 27 payment service providers from 11 European countries for the 15 June 2021 launch date of the SEPA Request-to-Pay Scheme created by the European Payments Council (EPC).

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