EBA Clearing sets out roadmap for pan-European instant payments
EBA Clearing has published a blueprint document spelling out high-level business requirements for the pan-European instant payment infrastructure it hopes to start piloting in 2017 following consultation with a task force composed of more than 20 representatives of EBA Clearing service users.
The future infrastructure solution proposed by EBA Clearing will be geared at handling any euro transactions that are in line with the instant payment definition and requirements formulated by the Euro Retail Payments Board in late 2014 and “should be able to support any real-time payment products that payment service providers in Europe may decide to offer to their customers”.
“We are very pleased to announce the delivery of this blueprint, which constitutes a joint testimony on requirements for an instant payment infrastructure solution compiled by interested PSPs from our user community,” said Hays Littlejohn, chief executive of EBA Clearing. “We are planning to discuss these requirements and the proposed roadmap with our wider user community and key stakeholders over the coming months and look forward to their feedback. The next step is to further refine and specify these requirements based on this input, so that we can take them to potential technology suppliers before the end of this year.”
EBA Clearing aims to start the new solution in a pilot mode in 2017 to be followed by an official launch in 2018.
An electronic copy of Blueprint for an Instant Payment Infrastructure can be requested here.
