1. EU SEPA Credit Transfer User Guide
  2. Domestic Low Value Payments
  3. ACH Outbound Transaction Processes and Validations
  4. SEPA Credit Transfers

SEPA Credit Transfers

SEPA Credit Transfer batch processing mode (‘Batch Processing Option’) is a value-added service of the STEP2 SEPA Credit Transfer Service in which files from sending Direct Participants contain batches of Payments Messages which are already sorted per the receiving Direct Participant.

The expected benefits from this variant of the standard bulk processing are better performances, higher processing capacity and lower transaction costs.

The SEPA Credit Transfer Batch Processing mode can be used for sending Payment Messages in favour of another Direct Participant or a Reachable BIC. The sending Direct Participant is responsible for grouping the Payment Messages that are for Reachable BICs per receiving Direct Participant.

The Batch Processing Option will always route the batches to the receiving Direct Participant indicated by the sender as Instructed Agent provided that:
  • Receiver is a Direct Participant listed in the STEP2 SEPA Credit Transfer Routing Table
  • Receiver is entitled to receive batches
  • Both the sender and receiver have configured the Bilateral Relationship with each other.

Parent topic: ACH Outbound Transaction Processes and Validations