In May 2002, SIA was selected by the Euro Banking Association (EBA) as the technological partner to implement and manage EBA STEP2, the pan-European Clearing House for retail payments in Euro, with the go live date on April 2003.
Starting from November 2006, five of the major Italian banking groups have migrated the processing of their domestic credit transfer traffic to the STEP2 platform.
A case study witnessing SIA ability in offering 360 degrees solutions is represented by the introduction on behalf of EBA Clearing of the first VAS registered to the EPC for the Finnish banking community which allows banks to reach currently the 2012 deadline of crediting the beneficiary accounts in D+1 set by the EU Regulation.