The bank-owned provider of several key payments infrastructures in Europe, EBA Clearing, has launched an RFP for a technical solution provider.
The RFP is the next phase in its offering of a pan-European infrastructure service for
The bank-owned provider of several key payments infrastructures in Europe, EBA Clearing, has launched an RFP for a technical solution provider.
instant payments to payment service providers by 2018. Back in March 2015 it laid out the roadmap for its 20-strong taskforce to evaluate potential instant payments solutions.
The start of the RFP phase follows the publication of a ‘Blueprint for an Instant Payment Infrastructure Solution’ which was issued on 1st July 2015 (by the taskforce) and subject to consultations with potential service users and stakeholders during the third quarter of 2015.
EBA says the operator of the euro payment systems EURO1 and STEP2 has kicked off the search and Erkki Poutiainen, chairman of EBA, adds that it should be completed by the end of 2016.
Once the technical solution provider is in place, development will proceed next year, followed by a pilot phase in 2017.
EBA says the future infrastructure solution 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 (ERPB) in late 2014, and should thus be able to support any real-time payment products that payment service providers in Europe may decide to offer to their customers.
EBA adds that an updated version of its ‘Blueprint for an Instant Payment Infrastructure’ incorporating the results of the consultation phase is currently under preparation and planned to be released at the Sibos conference next week.
The post EBA Clearing RFP for pan-European instant payments appeared first on Payments Cards & Mobile.
