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SEPA – SCT

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...