EBA at a glance

Our mission

The mission of the EBA is to foster dialogue and experience exchange amongst payments industry practitioners towards a pan-European vision for payments. We pursue our mission through involving member organisations and relevant stakeholders in thought leadership on innovation, helping our members to understand and implement regulation and by supporting the development of market practices.


Download interactive flyer for an overview of the EBA, our work streams and the topics they cover. 

Our activities

The EBA activities cover four core areas:

  • Thought Leadership & Innovation: advancing the understanding of new market trends through working groups, task forces and open fora.
  • Market Practices & Regulatory Guidance: providing guidance on market regulation and implementation through practitioners' panels.
  • Networking & Events: fostering pan-European practitioner exchange through EBAday and other events.
  • Training & Education: providing training & educational services on relevant payments and transaction banking topics to the EBA community through summer and winter schools and e-learning.

Where we come from

The EBA was founded in 1985 by 18 commercial banks and the European Investment Bank with the support of the European Commission.

The EBA's original mission was to promote the ECU and to facilitate its use by developing and managing the ECU Clearing System.

As owner and operator of the ECU Clearing System, the EBA provided a forum for payment practitioners to develop a pan-European vision and roadmap in preparation of the European Monetary Union. The EBA became the incubator of pan-European payment infrastructure services for euro transactions. In close co-operation with its member banks, the EBA delivered EURO1, a large-value clearing system for euro payments, STEP1, a single payment system for commercial transactions, and STEP2, a pan-European automated clearing house (PE-ACH) processing euro retail payments in euro. All three payment systems were handed over to  EBA CLEARING, the company which continues to manage and operate these systems today.

In recent years, the EBA has played a major role in actively supporting banks in their migration to the Single Euro Payments Area (SEPA) and in other bank-driven initiatives requiring hands-on co-operation at a pan-European level. This work has included contributing to the development and improvement of pan-European business practices in co-operation with regulatory and industry bodies as well as communicating and explaining these business practices and other industry developments to the EBA community and to the wider industry.