STEP 2 provides a pan-European Automated Clearing House (PE-ACH) solution for processing bulk payments.

The system offers direct access to a wide banking community, whose payment instructions, routed through to STEP2, are distributed to any bank operating in the EU. Routing files through to a central infrastructure enables banks to reduce costs related to processing customer payments. STEP2 is highly automated, simple to use and based on broadly accepted industry standards.

RZB acts as an Indirect Participant of the Austrian National Bank (OeNB) and may therefore offer the routing of EU compliant payments to other banks within the EU.