EBA CLEARING completed pan-European volume testing of its Fraud Pattern Anomaly Detection Verification of Payee (FPAD VOP) solution with STEP2 and RT1 users, assessing readiness for the Instant Payments Regulation. The exercise involved interoperability and performance checks, with over 55 participants across 14 countries preparing to adopt the functionality by October. The FPAD toolset also offers network-level fraud indicators to enhance PSP fraud prevention.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
EBA CLEARING has completed pan-European volume testing of its Verification of Payee (VOP) solution, Fraud Pattern Anomaly Detection Verification of Payee (FPAD VOP), with a large group of STEP2 and RT1 users. The coordinated exercise allowed payment service providers (PSPs) to assess operational readiness and identify pain points ahead of the Instant Payments Regulation requirement to conduct VOP checks at scale.
The testing covered end-to-end volume peaks across the ecosystem and included PSPs using FPAD VOP as well as other VOP solutions, enabling interoperability and performance checks across different set-ups. EBA CLEARING reported growing adoption of FPAD VOP, with more than 55 RT1 and STEP2 participants across 14 countries preparing to adopt the functionality by October; these participants connect hundreds of PSPs and represent over 40% of traffic in STEP2 SCT and RT1. The broader FPAD toolset also provides network-level fraud indicators intended to support PSP fraud prevention beyond the VOP use case.
EBA CLEARING indicated that the results are being used for final tuning and go-live preparation, with PSPs expected to ramp up VOP checks rapidly from 9 October.
EBA Clearing announced the successful 9 October 2025 changeover by user communities of its RT1 and STEP2 SCT services under the Instant Payments Regulation (IPR). The upgrades include Verification of Payee (VOP) requirements for eurozone credit institutions and a pan-European VOP solution utilizing Fraud Pattern and Anomaly Detection (FPAD)…
EBA Clearing announced that over 55 RT1 and STEP2 participants from 14 countries are set to adopt its Fraud Pattern and Anomaly Detection Verification of Payee (FPAD VOP) solution, as mandated by the Instant Payments Regulation. The May 2025 release integrates the European Payments Council’s Directory Service and aligns the VOP interface with its…
EBA CLEARING and OP Corporate Bank completed the first Verification of Payee (VOP) calls using EBA CLEARING’s FPAD VOP solution, advancing the pan-European roll-out. This positions OP Corporate Bank nine months ahead of the EU Instant Payments Regulation deadline, with other STEP2 and RT1 participants preparing for broader SEPA integration…