The SEPA Instant Credit Transfer (SCT Inst) scheme will officially start in November 2017, yet many payment stakeholders are already actively preparing for this launch, in particular in the infrastructure area.

The EPC today publishes the list of the first Clearing and Settlement Mechanisms (CSMs) that have disclosed their intention of being fully compliant to process SCT Inst transactions. (see the picture)

In addition, one organisation, Sia, has announced its capacity to offer messaging services to SCT Inst-compliant CSMs.

Further information about the dates at which these organisations will provide services compliant with the SCT Inst scheme, as well as their oversight organisation, is available. This list will be updated as necessary.

Source: ECP