SEPA credit transfer
From ACT Wiki
Revision as of 20:16, 1 December 2018 by Doug Williamson (Order links.)
An electronic transfer of euro made under the rules and standards of the SEPA Scheme.
The standardised formats and service levels create:
- Certainty over data carried and delivered with payments.
- A requirement for gross payments with a maximum execution time 1 day; and
- Other specifications, for transfers within Europe, whether between or within national boundaries.