EBA CLEARING Participant Banks Launch Debit Implementation Forum

Published: 03-Jul-2009

EBA CLEARING' SDD services are scheduled to go live on the company’s PE-ACH platform STEP2, on 2nd November 2009

Future participants in the SEPA Direct Debit (SDD) Services of EBA CLEARING have launched an implementation forum. The central objective of the forum is to ensure a smooth start-up of the EBA CLEARING SDD services, for the commercial development of the SDD Core and B2B payment instruments.

The new EBA CLEARING forum is expected to allow regular exchange on SDD matters, in the months preceding and following the go-live of the services.

Gilbert Lichter, CEO of EBA CLEARING and Secretary General of the Euro Banking Association, said: “The SDD Implementation Forum of EBA CLEARING will help participating banks to ensure reliable and smooth end-to-end processing of the new direct debit instruments from the start. Based on this stable SDD environment, banks will be able to roll out pan-European direct debit offerings to their customers in a timely and efficient manner.”

Christian Westerhaus, Head of Product Management Financial Institutions at Deutsche Bank, said: “Many corporates are eagerly waiting for pan-European direct debit payment services allowing them to further optimise and better monitor their B2B payment streams across SEPA.”

Paris-based EBA CLEARING was established in June 1998 by 52 major European and international banks, to own and operate the EURO1 payment system. Today, EBA CLEARING counts 68 shareholder banks and, through its EURO1, STEP1 and STEP2 systems, offers both high-value and low-value clearing and settlement services to a community of banks in the European Union.

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