# CBA completes SEPA instant payments testing with EBA Clearing
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-06-13
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: IBAS Platform Delivers SEPA Instant Payment Savings for
Meta Description: IBAS platform completes SEPA Instant payments testing, offering banks significant cost savings. Fully integrated with IBAS GPF for real-time processing.
URL: https://financedigest.com/cba-completes-sepa-instant-payments-testing-with-eba-clearinghtml

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**_IBAS platform successfully completes rigorous processing for SEPA Instant payments and is set to deliver significant cost savings for banks adopting instant payments_**

> **London**-Norwegian software vendor Commercial Banking Applications ( [CBA](http://www.cba.no/)), today confirmed that it has successfully completed testing of instant payments with EBA Clearing – with the result that its IBAS SIP – SEPA Instant Payment Solution can now support the processing of real-time payments for banks connecting to the EBA Clearing Instant Payment System.

IBAS SIP is a fully integrated component within CBA’s IBAS GPF – Global Payments Factory – a real-time payment engine, built using the latest object-oriented technology.

Rolf Hauge, founder and CEO of CBA, said: “A key differentiator for the IBAS platform is that it was built from the outset to handle end-to-end banking and payments processes in real-time. While many other vendors have typically created new separate, siloed solutions to handle [instant](https://www.financedigest.com/more-banks-join-european-instant-payments-pilot-from-end-2023.html "More banks join European instant payments pilot from end 2023") payments that sit alongside and replicate other payments solutions within the bank – IBAS views instant payments as simply another type of payment. All the [business objects and interfaces required to handle instant payments](https://www.financedigest.com/building-a-business-case-for-integrated-payments.html "Building a Business Case for Integrated Payments") already exist within IBAS GPF – with no need to duplicate or build new ones. This dramatically [reduces complexity and removes the need for additional systems](https://www.financedigest.com/frances-dassault-systemes-shares-slump-on-reduced-licence-target.html "France’s Dassault Systemes shares slump on reduced licence target") hardware.  It also delivers significant [cost savings](https://www.financedigest.com/untapped-cost-savings-why-smart-building-management-systems-are-a-finance-department-priority.html "Untapped Cost Savings: Why Smart Building Management Systems are a Finance Department Priority"), both during the initial implementation of the project and for subsequent upgrades, when compared with the replicated and siloed solutions of many other vendors.”

During end-to-end testing with EBA Clearing completed in early June 2018, IBAS GPF used web services to successfully look up, verify and handle the execution of the [instant payment](https://www.financedigest.com/the-latest-trends-in-instant-payments-and-how-they-impact-banks.html "The latest trends in instant payments and how they impact banks") using EBA Clearing’s RT1 infrastructure. IBAS used EBICS as the transport mechanism and will support SWIFTNet once this is available in Q4 of 2018.

The IBAS GPF – Global Payments Factory, is already in use by numerous banks across the Nordic region, as well as OCBC Bank in Singapore to manage its international payments. CBA’s approach with IBAS helps banks avoid many traditional implementation issues and [future proofs](https://www.financedigest.com/4-ways-todays-investor-can-future-proof-their-assets.html "4 Ways Today’s Investor Can Future Proof their Assets") their business.


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