SCT04 - Instant Payment
Real-time payment processing capabilities for immediate fund transfers with 24/7 availability.Overview
This capability enables your platform to process payments in real-time, providing instant confirmation and immediate fund availability for your customers.Features
| Feature | Description |
|---|---|
| Real-Time Processing | Immediate transaction execution |
| Instant Notifications | Real-time payment confirmations |
| 24/7 Availability | Round-the-clock payment processing |
| Status Tracking | Live transaction status updates |
| Fallback Mechanisms | Automatic retry and alternative routing |
Payment Schemes Supported
| Scheme | Region | Settlement Time |
|---|---|---|
| SEPA Instant | EU/EEA | < 10 seconds |
| Faster Payments | UK | < 2 hours |
| RTP | US | Real-time |
| IMPS | India | Real-time |
| NPP | Australia | Real-time |
Configuration Options
| Level | Processing Time | Features |
|---|---|---|
| Basic | Standard (T+1) | Batch processing |
| Standard | Same-day | Intraday settlement |
| Advanced | Real-time | Instant confirmation, 24/7 |
Transaction Flow
Use Cases
- P2P Transfers: Instant money transfers between individuals
- Bill Payments: Real-time bill settlements
- Merchant Payments: Instant payment confirmation for merchants
- Payroll: Same-day salary disbursements
- Refunds: Instant refund processing
Integration with Other Capabilities
| Capability | Integration |
|---|---|
| SCT03 - Country of Operation | Available payment schemes per country |
| SCT09 - Multi-Currency | Cross-currency instant payments |
| SCT11 - Compliance | Real-time fraud screening |
| SCT12 - Financial Network | Network connectivity for instant rails |
Subscription Tier Availability
| Tier | Configuration Level |
|---|---|
| Starter | Basic |
| Professional | Standard |
| Enterprise | Advanced |
| Custom | Configurable |