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EPC Reveals Instant Credit Transfer Scheme for International Payments

Ryan December 7th, 2016
EPC Reveals Instant Credit Transfer Scheme for International Payments


The European Payments Council announced their first rulebook of the SEPA Instant Credit Transfer Scheme, making it an official major milestone for European payments.

Credit transfers can currently take up to one day, now it will allow the transfer of up to 15,000 euros per single transaction in less than ten seconds on any day at any time - no more time restrictions.

This new form of payment will now allow a more convenient, easier and a better alternative to regular credit transfers. Now payment services providers have one year to get ready for the new process, which will commence in November 2017.

Our Global EFT solutions offers many benefits and it's built with simplicity in mind for universities, colleges, corporations, the travel industry, importers, and exporters as a reliable, cost effective means to send international payments.

What countries are available for global EFT in Europe?

Europe: (via SEPA - Single Euro Payments Area) Aland Islands, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom


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About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com
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