SEPA Payments ############# This page collects reference materials and details for specifics of SEPA payments. SEPA Credit Transfer (SCT) ========================== SCT is a "normal" bank transfer. Details (terminology, data definitions, flow diagrams) can be found in the EPC's `SCT rulebook `__. Reject vs Return vs Recall -------------------------- * A **rejected** payment is refused by the originator bank or the clearing and settlement layer. * A **returned** payment is refused by the beneficiary's bank via a counter-transaction over the settlement layer. * A payment is **recalled** when the originator's bank (potentially requested by the originator) wants to "undo" a SCT. SEPA currently does **not** directly support a mechanism for the **beneficiary** to return a payment.