SEPA payments
SEPA Instant R-Message flows
SEPA Instant – R-Message Flows SEPA Instant payments have a slightly different R-Message flow when compared to SEPA classic payments or high value payments. This article will attempt to explain them on a very...
SEPA Instant – Happy Path Flow
SEPA Instant – Happy Path Flow SEPA instant is a “PUSH” type of payment where funds are pushed from the Originator’s account to the Beneficiary’s account. The “Targeted” completion time for a SEPA instant...
SEPA Instant – Introduction
SEPA Instant – Introduction Instant Payments are credit transfers that occur in real-time where the funds are available to the beneficiary almost instantly. SEPA Instant payments which went live in 2017 was introduced to...
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...
