Overview
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
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Easy integration into existing banking systems
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Multilateral netting before settlement
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Network independent
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ISO 20022 XML messaging supported
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Centralised routing table
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Easy reconciliation through large range of reports
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Straight-Through processing