> ## Documentation Index
> Fetch the complete documentation index at: https://docs.finhub.cloud/llms.txt
> Use this file to discover all available pages before exploring further.

# SCT04 - Instant Payment

> Real-time payment processing capabilities for immediate fund transfers

# 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

```mermaid theme={null}
sequenceDiagram
    participant Customer
    participant Platform
    participant Payment Network
    participant Beneficiary
    
    Customer->>Platform: Initiate Payment
    Platform->>Platform: Validate & Authorize
    Platform->>Payment Network: Submit Instant Payment
    Payment Network->>Beneficiary: Credit Funds
    Payment Network->>Platform: Confirmation
    Platform->>Customer: Instant Notification
```

## 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        |