Wednesday, December 7, 2016
The European Payments Council announced their first rulebook of the SEPA Instant Credit Transfer Scheme, making it an official major milestone for European payments.
Credit transfers can currently take up to one day, now it will allow the transfer of up to 15,000 euros per single transaction in less than ten seconds on any day at any time - no more time restrictions.
This new form of payment will now allow a more convenient, easier and a better alternative to regular credit transfers. Now payment services providers have one year to get ready for the new process, which will commence in November 2017.
Our Global EFT solutions offers many benefits and it's built with simplicity in mind for universities, colleges, corporations, the travel industry, importers, and exporters as a reliable, cost effective means to send international payments.
Europe: (via SEPA - Single Euro Payments Area) Aland Islands, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom
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