RT1

RT1 is a real-time payments system operated by EBA Clearing in Europe. It provides instant processing for SEPA credit transfers on a 24/7/365 basis.

RT1 supports pan-European reachability and is one of the infrastructure options for SEPA Instant payments. It uses ISO 20022 messaging for rich data.

Related Terms

SEPA Credit Transfer Instant (SCT Inst)

SEPA Instant is a European payment scheme that enables euro credit transfers to settle within second...

STEP2 is a pan-European automated clearing house service operated by EBA Clearing. It processes SEPA...

Single Euro Payments Area

SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...

ISO 20022 is an international standard for financial messaging that defines a common data model and ...

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