SCT Inst

Single Euro Payments Area (SEPA).

SCT Inst is SEPA's Instant Credit Transfer Scheme.

Instant payments for corporates?

"... in a live proving exercise a [UK] Faster Payment valued in the tens of millions of pounds was sent and received.

In comparison, SCT Inst has started with a EUR 15,000 limit, and the US Real-time Payments System caps transactions at USD 25,000."

The Treasurer magazine, April 2018, p23 - In Search of the Tipping Point.

See also

• Faster Payments Service
• Instant Credit Transfer Scheme
• Real-time Payments
• RT1
• SEPA credit transfer
• SEPA direct debit
• Single Euro Payments Area