SEPA Instant Payments
The SEPA Instant Payments module provides a complete view and management interface for processing real-time credit transfers. It allows you to create, monitor, correct, approve, and settle payment transactions that are processed through the SEPA (Single Euro Payments Area) Instant network.
It is designed to give users and operators the ability to ensure end-to-end traceability and immediate resolution of payment-related issues.
Overview
The module consists of several functional screens, each focusing on a particular stage or aspect of payment processing. To get access to these screens, open the SEPA Instant menu on the left side of the screen, and
- click on the SEPA Instant menu on the left side of the screen to open or close the detail menu, then
- choose one of the listed entries to open the corresponding screen.
The exact list of submenus displayed depends on your specific role and permissions and may differ from this screenshot.
Application Screens
| Screen | Purpose | Link |
|---|---|---|
| Transactions | View all payments processed through the system, including their current status and audit trail. | 👉 Go |
| Manual Entry | Create and submit new SEPA Instant payments manually. | 👉 Go |
| Approvals | Approve or reject payments that require authorization before being sent to the clearing network. | 👉 Go |
| Interfaces | Monitor all inbound and outbound messages exchanged with external systems and clearing interfaces. | 👉 Go |
Each of these screens (besides Manual Entry) offers the same list-based functionality, supporting flexible filtering, sorting, exporting, and filter management. See 👉 Working with Table Views for details.
Typical Workflow
A typical operator workflow for SEPA Instant payments follows these steps:
- (In rare cases only) Enter a new payment using the Manual Entry screen.
- Review or modify transactions in the Transactions view.
- Handle exceptions in the Error Handling view.
- Approve payments awaiting authorization in the Approvals screen.
- Monitor pending settlements and ensure timely completion via the Settlement Pending screen.
- Verify message exchange with external systems and interface connectivity in the Interfaces screen.
- Start with 👉 Manual Entry if you are creating new transactions,
- or go directly to 👉 Transactions if you’re monitoring ongoing activity.
Key Concepts
-
Instant Execution
Payments are cleared and credited within seconds. Monitoring and response must therefore be immediate. -
End-to-End Status Tracking
Each transaction’s lifecycle can be observed across multiple states — Created → Validated → Approved → Sent → Settled → Booked. -
Real-Time Error Handling
Any error detected (format, validation, or communication) is immediately visible in the Error Handling view for prompt resolution. -
User Roles & Permissions
Access to actions like approval, retry, or settlement override depends on the user’s role. -
Auditability
Every change and action on a transaction is logged and can be reviewed for compliance.