Payment initiation

SEPA Instant Credit Transfer (SCT Inst)

SCT Inst with Verification of Payee

Instant Payments Regulation path: run VoP (acmt.023/024) before initiating the instant credit transfer, then settle on SCT Inst.

Why read this

Mandatory payee check for euro instant CT. Close-match must be shown; no-match needs explicit PSU risk acceptance.

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Technical view of SEPA Instant

Messages · acmt.023 → acmt.024 → pacs.008 → pacs.002

instantsct-instvopipracmt.023

Transaction flow

PSUUserTPPProviderASPSPBankCreditorBankCSMClearing01 Enter payee name + IBAN0102 acmt.023 VoP request02 acmt.02303 acmt.024 match report03 acmt.02404 Initiate SCT Inst after VoP04 POST05 pacs.008 INST05 pacs.00806 pacs.002 ACSC06 pacs.002
PSU: UserTPP: ProviderASPSP: BankCreditor: BankCSM: Clearing
API hop Clearing hopClick a tag on an arrow (pacs.008, …) for info, usage and sample
Messages
01

Enter payee name + IBAN

API layer

Capture the typed name — VoP compares what the PSU entered, not a normalised cache.

psutpp

No payload

This step is a redirect, a wait or an out-of-band event — there is no message on the wire to inspect. Steps with a payload are marked with a method or a message id in the diagram.

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