SEPA payments

GPTKB entity

Statements (32)
Predicate Object
gptkbp:instanceOf gptkb:city
gptkbp:administeredBy gptkb:European_Payments_Council
gptkbp:benefit faster cross-border payments
lower costs
standardized payment processing
gptkbp:currency gptkb:euro
gptkbp:fareControl usually low or free for consumers
gptkbp:fullName gptkb:Single_Euro_Payments_Area_payments
gptkbp:governedBy gptkb:SEPA_Regulation_(EU)_No_260/2012
https://www.w3.org/2000/01/rdf-schema#label SEPA payments
gptkbp:includes gptkb:SEPA_Credit_Transfer_(SCT)
gptkb:SEPA_Direct_Debit_(SDD)
gptkb:SEPA_Instant_Credit_Transfer_(SCT_Inst)
gptkbp:launched 2008
gptkbp:purpose facilitate cashless euro payments
gptkbp:region gptkb:European_Union
EEA countries
some non-EEA countries
gptkbp:replacedBy domestic euro payment schemes
gptkbp:requires gptkb:IBAN
gptkb:BIC
gptkbp:settlementPeriod one business day (SCT)
seconds (SCT Inst)
gptkbp:supportedBy most European banks
gptkbp:type credit transfer
direct debit
card payment
gptkbp:usedBy individuals
businesses
public administrations
gptkbp:bfsParent gptkb:IBAN
gptkbp:bfsLayer 5