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  1. Update from EPC and insights on payments in Europe delivered to your inbox monthly. The EPC SEPA Instant Credit Transfer (SCT Inst) scheme enables the transfer of up to 15,000 euros in less than ten seconds. The SCT Inst scheme is highly convenient in an increasingly digital world.

  2. The Instant Payments Regulation (IPR), which was adopted by the European Parliament and the Council on 13 March 2024, is aimed at accelerating the roll-out of instant payments in Europe and covers credit transfers denominated in euro within the European Union.

  3. ISO 20022 XML message standards forthe implementation of the SEPA Instant credit transfers (SCT Inst) as defined in the SEPA Instant Credit Transfer Scheme Rulebook.

  4. This is also a key tool for any PSP and Clearing and Settlement Mechanism (CSM) that needs to know which organisations are able to send and receive SEPA credit transfers (SCT) and direct debits (SDD) and One-Leg Out instant credit transfers (OCT Inst).

  5. 2.2 UHB Structure. The UHB is structured in five parts: Part 1 The Introduction to TIPS provides the reader with a general overview of the TIPS service and its relation with the other Eurosystem market infrastructure services. An extensive description of the TIPS service can be found in the TIPS UDFS.

  6. 29 Μαΐ 2024 · The Instant Payments Regulation (Regulation (EU) 2024/886) entered into force on 8 April 2024 and a first set of obligations for payment service providers (PSPs) will have to be complied with as of 9 January 2025.

  7. Payment messages are in ISO 20022 XML format. Instant payment regulation. As we have seen, one of the already existing SEPA schemes refers to instant payments (The SEPA Instant Credit Transfer scheme). It means that instant payments in euro are not new in the EU.

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