blob: 29baca00879ed2fdbc3f88edc50f20286b0602a4 (
plain)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
|
.. target audience: core developer
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 <https://www.europeanpaymentscouncil.eu/document-library/rulebooks/sepa-credit-transfer-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.
|