SCT04 - Instant Payment

Real-time payment processing capabilities for immediate fund transfers via API

SCT04 - Instant Payment

Real-time payment processing capabilities for immediate fund transfers with 24/7 availability through the API.

Overview

This capability enables your platform to process payments in real-time via API, 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 via webhooks
24/7 Availability	Round-the-clock payment processing
Status Tracking	Live transaction status updates
Fallback Mechanisms	Automatic retry and alternative routing

Configuration Options

Level	Processing Time	Features
Basic	Standard (T+1)	Batch processing
Standard	Same-day	Intraday settlement
Advanced	Real-time	Instant confirmation, 24/7

API Usage

Initiate Instant Transfer

POST /api/v1/transfers
Content-Type: application/json
Authorization: Bearer {access_token}

{
  "source_account_id": "acc_123456",
  "destination": {
    "type": "IBAN",
    "iban": "DE89370400440532013000",
    "name": "John Doe"
  },
  "amount": 250.00,
  "currency": "EUR",
  "payment_type": "INSTANT",
  "reference": "Invoice #12345"
}

Response:

{
  "transfer_id": "txn_abc789",
  "status": "COMPLETED",
  "amount": 250.00,
  "currency": "EUR",
  "payment_type": "INSTANT",
  "executed_at": "2024-01-15T10:30:00Z",
  "settlement_time": "INSTANT"
}

Get Transfer Status

GET /api/v1/transfers/{transfer_id}
Authorization: Bearer {access_token}

Response:

{
  "transfer_id": "txn_abc789",
  "status": "COMPLETED",
  "status_history": [
    {"status": "INITIATED", "timestamp": "2024-01-15T10:29:58Z"},
    {"status": "PROCESSING", "timestamp": "2024-01-15T10:29:59Z"},
    {"status": "COMPLETED", "timestamp": "2024-01-15T10:30:00Z"}
  ]
}

Webhook Notifications

{
  "event": "transfer.completed",
  "transfer_id": "txn_abc789",
  "status": "COMPLETED",
  "amount": 250.00,
  "currency": "EUR",
  "timestamp": "2024-01-15T10:30:00Z"
}

Payment Schemes Supported

Scheme	Region	Settlement Time
SEPA Instant	EU/EEA	< 10 seconds
Faster Payments	UK	< 2 hours
SWIFT gpi	Global	Same-day

Integration with Other Capabilities

Capability	Integration
SCT03 - Country	Available payment schemes per country
SCT09 - Multi-Currency	Cross-currency instant payments
SCT11 - Compliance	Real-time fraud screening
SCT12 - Financial Network	Network connectivity

Related API Reference

Transfer APIs

View detailed transfer API specifications

Subscription Tier Availability

Tier	Configuration Level
Starter	Basic
Professional	Standard
Enterprise	Advanced
Custom	Configurable