SEPA credit transfer means a transfer in EUR to EEA countries, with SHA costs and with a value date other than the value date on the same business day.
SEPA credit transfer means a payment service in which banks and payment service providers execute credit transfers (transfers of funds) in euro between users’ payment accounts within the SEPA area, following the stand- ardised rules and procedures. A payment order must have the characteristics of a SEPA credit transfer in order to be executed as a SEPA credit transfer;
SEPA credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;
Examples of SEPA credit transfer in a sentence
The Account Holder authorises the Service Provider to receive on its Payment Account SEPA credit transfer transactions in euros from a bank or payment account opened in the records of a Third-Party PSP.
More Definitions of SEPA credit transfer
SEPA credit transfer means a single non-urgent Euro payment that is executed in accordance with the SEPA Scheme Rules. The Receiver's bank must be SEPA reachable.
SEPA credit transfer means the Pan European Credit Transfer scheme that replaced domestic and cross border Euro Credit Transfers throughout the SEPA zone. It provides a consistent approach for making payments across Europe;
SEPA credit transfer means a service initiated by a Payer to transfer EUR-denominated funds from the Payer’s Payment Account to a Payee’s Payment Account where the Payer’sPayment Service Provider and the Payee’s Payment Service Provider operate within the Single Euro Payments Area (SEPA) or at least one of them does;
SEPA credit transfer. "SCT" means a transfer in Euros between two payment accounts opened in the name of customers within the SEPA Area. SEPA Credit Transfers are based on messages compliant with international standards (ISO 20022) and use the IBAN and BIC to identify account numbers and payment service providers.
SEPA credit transfer. A credit transfer in Euros that is subject to the European Payments Council’s SEPA Credit Transfer Scheme and more particularly described in the SEPA Credit Transfer Rulebook.
SEPA credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service