Deutsche Bundesbank and Eba Clearing provide card clearing services

Tuesday 30 September 2014 13:25 CET | News

Financial institution Deutsche Bundesbank and Eba Clearing, a provider of pan-European payment infrastructure services, have entered an agreement.

Together, the two companies will introduce an infrastructure service for the clearing of payments arising from debit card transaction, while providing full reach to the German banking community for card clearing based on the German GIROCARD scheme and on the pan-European SEPA Card Clearing Framework developed by the Berlin Group.

The card clearing services offered by the Deutsche Bundesbank and Eba Clearing will enable their respective user banks to re-use the interfaces and bank-internal systems they have put in place for SEPA Direct Debits for the processing and clearing of pre-authorised card transactions based on the specifications of the German GIROCARD scheme.

EBA CLEARING is a bank-owned provider of pan-European payment infrastructure solutions.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Deutsche Bundesbank, EBA clearing, card clearing services, card transactions
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce