Sepa Credit Transfer – Return Flow
Sepa Credit Transfer RETURN FLOW “A ‘Return’ occurs when a SEPA Credit Transfer is diverted from normal execution after inter-PSP Settlement and is sent by the Beneficiary PSP to the Originator PSP for a...
SEPA Credit Transfer – Reject Flow
SEPA Credit Transfer – Reject flow : Even though the happy path is the most common case, there are always exceptions and the different parties in an SCT payment chain can reject the payment...
Sepa Credit Transfer – Happy Path
Sepa Credit Transfer – Happy Path: Now that we understand the primary actors of the 4 corner model it is time to seal that understanding by taking an example of the happy path of...
SWIFT – A Communication Platform
By – Nagaraj S R Banking Consultant & Trainer – LinkedIn 1. Overview of SWIFT SWIFT – Society for Worldwide Interbank Financial Telecommunication, a communication platform that allows members to connect and exchange financial...
Payments Books and Courses
BOOKS & COURSES Here are some books related to payments and related areas that can help you develop your knowledge BOOKS
SEPA credit transfer – Four Corner model
SEPA credit transfer – Introduction: SEPA credit transfer (SCT) is a payment instrument used to execute credit transfer payments between 2 customer accounts within SEPA. SCTs are push payments, which means that the debtor...
SEPA Clearing and Settlement
SEPA Clearing and Settlement Mechanism: CSMs are very important for the transfer of funds from one bank account to another if both the accounts are not with the same bank. PSPs who are part...
SEPA Payment Messages
SEPA messages: SEPA payment messages are based on ISO20022. You might ask “What is that ??”. Before we go there, I just wanted to recap what we have discussed so far as they are...
SEPA Payments Schemes
Payments Scheme: Getting right to the topic, SEPA has 4 payment schemes SEPA credit transfer (SCT) SEPA instant credit transfer (SCT Inst) SEPA direct debit core (SDD core) SEPA direct debit business-to-business (SDD B2B)...
SEPA stakeholders
Key Stakeholders: Let me be honest here. This article is for me 😊. Someone asked me how the different stakeholders in Europe contribute to SEPA? I tried finding the answer. After some serious reading, I...
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About Me
I am Santosh Rajagopalan, a payment enthusiast. I have been a part of the software industry since the year 2012 and have worked with world class organizations like Accenture, Capgemini, Société Générale and Temenos
