The STEP2 SEPA Credit Transfer (SCT) Service provides credit institutions with an interbank processing infrastructure for euro credit transfers in the Single Euro Payments Area. The STEP2 SCT Service validates, routes, clears, settles and delivers credit transfers in line with the Scheme Rulebook of the European Payments Council for SEPA Credit Transfers.

Key benefits

  • Easy integration into existing banking systems

  • Easy reconciliation through large range of reports

  • Straight-Through processing

  • Centralised routing table

  • Network independent

  • ISO 20022 XML messaging supported