The STEP2 SEPA Credit Transfer (SCT) Service is a highly resilient Pan-European Automated Clearing House (PE-ACH) service with full disaster recovery features. It allows banks to send and receive SEPA payments and, at the same time, to reach all other financial institutions in SEPA.

Key benefits

  • Easy integration into existing banking systems

  • Multilateral netting before settlement

  • Network independent

  • ISO 20022 XML messaging supported

  • Centralised routing table

  • Easy reconciliation through large range of reports

  • Straight-Through processing