SEPA payments
SEPA Credit Transfer – Payment Timelines
SEPA Credit Transfer – Payment Timelines In the past few articles, we have seen the different payment flows that constitute the major use cases of a SEPA credit transfer scheme. In this article, we...
SEPA Credit Transfer – Recall Flow
Sepa Credit Transfer – Recall flow : SEPA credit transfer – recall is a process through which an Originator or Originator PSP wants to cancel or get back the funds of an earlier credit...
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...
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...
