eBill – The European billing ecosystem

SIX develops a fully integrated invoice-to-payment service for the European market. The fully digitalized solution is aimed to be used by major banks and invoice issuers and enables a single click payment process.

Consumers, businesses and banks benefit from the invoice-to-payment service that will support the SEPA Request-To-Pay (SRTP) scheme.
The service massively improves the user experience for debtors, as they receive invoices and initiate payments in a single step and within the familiar digital environment of their own bank. Businesses can not only enjoy zero-error payments but can also reduce the processing costs by up to 90%. Banks get a chance to strengthen their customer relationships and – through the reductions in paper invoices – also contribute to environmental protection. A further key advantage is the easy integration into the banks’ environments, thereby enabling fast and cost-effective implementations.

We are currently planning the first applications in the European market by 2023. Starting with a pilot phase in Germany and Austria, we will initially focus on B2C payments and enable B2B payments as the next step. The solution will also be available for e-commerce and POS/POI at a later stage as both companies see a high market demand for the SRTP solution in the European market. EBA CLEARING has already set up the SRTP infrastructure that is waiting for first movers to enter the market. And this is when eBill comes into the game.