EU Payer Compliance - Supported Payment Types
Below types of Transactions are covered for the EU Payer Compliance Checks.
Payments
Within Payments both Outbound and Inbound Payments are covered. Following are the Payment
Types:
- SWIFT
- ACH
- RTGS
Note:
EU Payer validation is done for Customer Transfer only.
Collections
Direct Debits is the only Collection Type that is supported, for the EU Payer Compliance
Checks. In Collections, the Originating PSP plays the role of Payee PSP and the
Receiving PSP plays the role of the Payer PSP.
Note:
The reference to Payments in this document also includes Collections.
In both Payments & Collections, both Outbound & Inbound Transactions are considered for the EU Payer Compliance Checks. R-Transactions are excluded from the checks.
Parent topic: EU Payer Regulatory Maintenance