SEPA Schemes

SCT — SEPA Credit Transfer

What is a SEPA Credit Transfer (SCT), how does it work and how long does it take? The core scheme behind a standard euro transfer.

SCT Instant — Instant SEPA Transfer

What is SCT Instant (SEPA Instant Credit Transfer)? An instant euro transfer that runs 24/7 and settles within seconds.

SDD Core — SEPA Direct Debit

What is SDD Core (SEPA Direct Debit Core)? The automatic payment/direct debit scheme for individuals and the logic of the mandate.

SDD B2B — Business-to-Business Direct Debit

What is SDD B2B (SEPA Direct Debit Business-to-Business)? The business-to-business direct debit scheme and how it differs from SDD Core.

Verification of Payee (VoP) — Payee Verification

What is Verification of Payee (VoP)? A fraud-prevention service that checks whether the payee's name matches the IBAN before a payment.

Request to Pay (R2P) — Payment Request

What is Request to Pay (SRTP)? The messaging layer that lets a creditor send an electronic payment request to a debtor.