Euro Banking Association (EBA)

The Euro Banking Association (EBA) is an industry forum for the European payments industry with over 200 member banks and organisations from the European Union and across the world aimed at fostering and driving pan-European payment initiatives. Through its EURO1, STEP1 and STEP2 systems, EBA offers clearing and settlement services to wide community of banks in the European Union, and continues to be a key contributor to the creation of a standardised Single Euro Payments Area (SEPA).



3 systems
The 3 systems are run by EBA CLEARING. The EBA Clearing Company was founded in June 1998 by 52 banks.

Euro1
EURO1 is a real-time net clearing and settlement system for individual financial and commercial payments and is owned and operated by EBA CLEARING. It is open to banks that have a registered address or branch in the European Union and fulfill a number of additional requirements.

Step1
It is a payment system for commercial transactions in EURO.

Step2
It the first and so far only pan-European Automated Clearing House (PE-ACH) , which processes mass or bulk euro payments ( upto EUR 50,000 per transaction ) for banks from 32 European countries.

Those payment are processed that bears an International Bank Account Number, IBAN, and a Bank Identifier Code (BIC)) as well as payments that comply with the Scheme Rulebooks and Implementation Guidelines for the Single Euro Payments Area (SEPA) as they have been issued by the European Payments Council.


Once a year, the EBA brings together its member banks and organisations as well as other stakeholders in the market for a pan-European payments conference entitled EBAday. The EBA also runs a payments portal providing news and information on ongoing topics in the market.