1. EU SEPA Credit Transfer User Guide
  2. Domestic Low Value Payments
  3. Overview of Domestic Low Value Payments

Overview of Domestic Low Value Payments

Automated Clearing House Networks facilitate transmission and settlement of electronic payments originated by individuals, businesses, financial institutions and government organizations. Domestic low value payments are local payments or payments limited to a specific region. Depending on the network specifications, messages are processed in batch mode and dispatched at the specified time during the day.

Below listed functionalities for SEPA Credit Transfer are explained in this user manual:
  • Outbound payment processing and message file generation
  • Straight through Processing of Inbound payment files

For Domestic Low value payments, the payment type is ‘ACH’.

Below transaction types are supported for ACH payments:
  • I - Inbound
  • O - Outbound

Parent topic: Domestic Low Value Payments