
Payment Services
International and domestic payments are our core business: Process payments quickly, transparently and reliably to and from the CEE markets as well as globally.
Fast and Reliable
Thanks to our strong network in the Raiffeisen group and participation in various clearing systems.
Transparent
Track your incoming and outgoing payments with our state-of-the-art online tools.
Well-Connected
We take part in SWIFT’s global payment innovation and work with a reliable correspondent bank network.
Connecting You With the CEE Region and the Entire World
From domestic to cross-border payments, from Euro to exotic currencies: We cover the whole range and ensure easy, secure and efficient processing.

Euro Payments
In addition to the standard SEPA payment transfers, we offer a wide range of complementary products like
- SEPA Credit Transfer
- SEPA Instant Payment
- SEPA Direct Debit Core and B2B

International Payments
Process your cross-border payments fast, securely and low-cost – from accounts in Euro or 35 foreign currencies.
As a direct member of all main European clearing systems, we offer high quality and competitive terms, for instance fixed and transparent unit prices for processing transactions.
RBI Intra Group Payments within the Raiffeisen network in CEE are processed with same day value and at better conditions.

Verification of Payee: Your First Line of Defense Against Payment Fraud
Ensure your money always lands in the right hands! With Verification of Payee, you get instant confirmation that your payment is headed to the intended recipient—protecting you from scams, errors, and costly mistakes.
SWIFT gpi: A New Era in Payments
As the first bank in Austria, we started a new age in international payments business with the introduction of SWIFT gpi (global payments innovation). Increased transparency and same-day use of funds have become the new standard for international payments.
How it works
- All outgoing international payments are verified whether our correspondent bank supports the gpi standard, and the shortest and most efficient way of execution is selected.
- If all criteria for SWIFT gpi are fulfilled, the payment will be booked real-time as gCCT (gpi Customer Credit Transfer) with same day value (otherwise it is executed as a standard international payment).
- All involved gpi-enabled correspondent banks forward the unique end-to-end transaction reference number (UETR) and send an update of the payment’s status to the SWIFT tracker (only accessible to banks for the time being).
- All incoming gpi payments will immediately be credited to your account.
Currency conversions can also be sent/received as SWIFT gpi payments, however, the value date is D+2.

digital services RBI Payment Tracker: Tracking International Payments Has Never Been Easier
End-to-end transparency for payments and fees: Track gpi payments and status, download payment confirmations. Plus: Incoming gpi payments are visible as soon they are initiated.
Our Dense Connections to National and International Payment Systems
RBI is connected to the following national and international payment systems:
Direct clearing member of the national clearing house. RBI offers other banks located in Austria a participation as "Leitwegbank".
SWIFT is the main provider of infrastructure and standards for the electronic data exchange in banking and is offering various products in the areas of business intelligence, KYC, compliance, etc. Recently, especially the development of gpi (global payments innovation) was a key factor for increasing transparency in global payments processing. RBI was among the pilot banks worldwide and the first Austrian bank to implement this standard for the benefit of its customers.
The Single Shared Platform is the central high value payment system of the ECB and mainly offers the processing of urgent customer payments and settlement payments in ancillary systems all around Europe. RBI is direct participant in this important infrastructure and offers its correspondent banks indirect participation.
The clearing infrastructure EURO1/STEP1 of the Euro Banking Association offers its participating banks an alternative to TARGET2. RBI has been member since 1999 and is processing a great part of its non-SEPA payment volumes in EUR for its clients. Correspondent banks of RBI might be interested in participating in STEP1 and using RBI as settlement bank.
STEP2 is the pan-European platform for exchanging SEPA transactions (SCT, SDD Core and SDD B2B). As direct participant from the very beginning of SEPA, RBI is offering its correspondent banks an indirect participation within STEP2.
In 2017, the first pan-European Instant Payments solution of EBA Clearing went live and RBI was one of the pioneering banks. Via instant payments funds can be made available within 10 seconds 24/7/365 and are based on the new SEPA Instant Credit Transfer (SCTInst) scheme managed by the European Payments Council. It is possible to reach banks in the whole SEPA area with a maximum transaction amount of EUR 100,000.
Since 2018, the European Central Bank is providing a uniform payment platform where SEPA Instant Credit Transfers (SCT Inst) can be processed. After EBA RT1 this is the second infrastructure for the processing of Instant Payments on an European level. RBI is a direct TIPS participant since April 2019.
RBI directly participates in the Swiss Interbank Clearing System SIX since May 2005 and actively processes incoming and outgoing payments in CHF through SIX.
FAQs Frequently Asked Questions about Verification of Payee
By October 2025, Verification of Payee (VoP) will be implemented for SEPA transactions (SCT and SCTInst). This regulation-driven check ensures that the beneficiary's name matches the IBAN, providing you with added assurance that your payments are not being sent to a fraudster.
VoP is a mandatory check that ensures the beneficiary's name matches the IBAN before executing a SEPA Credit Transfer (SCT or SCT Inst). It helps prevent fraud and reduces operational risk by alerting the payer if the recipient name does not correspond with the account.
VoP becomes mandatory from October 9, 2025 , for all outbound SEPA Credit Transfers (SCT/SCT Inst) within the EEA in EUR.
Yes. RBI’s systems and services are fully compliant with the latest IPR and VoP regulatory requirements.
Result Type | Description | pain.002 Code |
Full Match | IBAN and recipient name match the account wording | RCVC |
Close Match | Name partially matches the data stored at the recipient bank; the correct name is also returned | RVMC |
No Match | Name does not match the data stored at the recipient bank | RVNM |
Unavailable | Verification could not be completed (e.g. technical issues, missing data) | RVNA |
The result is typically returned within three seconds, with a technical time-out at five seconds from when the payment is received bythe sender’s bank.
For H2H customers, the VoP result is made visible via the CMIplus WebChannel, which is required for using VoP in this channel. For other channels, the result is provided in the pain.002 message.
Yes. RBI offers a value-added feature in CMIplus that allows pre-validation of beneficiary data (e.g., for master data checks or invoice runs) independent of actual payment execution.
Yes, VoP is not applied in the following cases:
- Transfers outside the EEA
- Payments in currencies other than EUR
- SEPA Direct Debits
- Transfers to non-payment accounts (e.g., savings, credit accounts)
- Bulk payments (Sammelüberweisungen)
No. VoP applies only to SEPA Credit Transfers, not to SEPA Direct Debits.
No. VoP is not case-sensitive.
Yes, configuration is possible:
- WebChannel settings (opt-out for bulk transfers)
- EBICS 3.0 BTF parameters
- File types in H2H (CTV/CIV = VoP opt-in)
In VoP opt-in flows, previous signatures are removed. Payments must be re-authorized after receiving the VoP result.
Ensure all documents (e.g., invoices) reflect the current account wording. If your name has changed (e.g., due to a company name change), update it with RBI and include it on all outgoing payment references or QR codes.
Yes. RBI provides a feature in CMIplus that allows uploading and validating entire customer master data files against VoP – ideal for preparing for the regulation or cleaning up outdated entries.
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Get in Touch With Us
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Susanne Prager
Cash Management