Archive | Credit Transfers

Schemes and standards for funds transfers in different countries of the world. SEPA Credit Transfer, Domestic Transfer, Interbank systems, Multilateral clearing, Real-Time Gross Settlement

Image of European Economic Area members

European Economic Area, SEPA Countries and Eurozone

SEPA, the Single Euro Payments Area, is the area where SEPA payment instruments like the SEPA Credit Transfer and SEPA Direct Debit can be used. SEPA countries amount to 34 member states out of which certain states belong to other areas like the Eurozone and the European Economic Area (EEA). This article should help you understand […]

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Model of open loop payments system

Payment systems models

Traditional payment systems operate essentially on two types of models: open loop models and closed loop models. In this post, we will present each of the models with their advantages and drawbacks. Understanding how these models work is crucial for the analysis of payment systems. So read the following very carefully. Open loop models in […]

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