Payment Type specifies the particular method or system used to process a transaction within the financial ecosystem.
Payment Type helps identify the exact mechanism through which funds are transferred between parties.
Here is a list of supported Payment Types:
- PAYMENT_TYPE_GLOBAL_SWIFT
- PAYMENT_TYPE_UK_BACS
- PAYMENT_TYPE_EU_SEPA_TARGET2
- PAYMENT_TYPE_UK_CHAPS
- PAYMENT_TYPE_EU_SEPA_STEP2
- PAYMENT_TYPE_VIRTUAL_DEBIT_CARD_DEBIT
- PAYMENT_TYPE_INTER_LEDGER
- PAYMENT_TYPE_UK_FASTERPAYMENTS
- PAYMENT_TYPE_FX
- PAYMENT_TYPE_CARD
- PAYMENT_TYPE_CARD_RESERVE
- PAYMENT_TYPE_EU_SEPA_INSTANT
- PAYMENT_TYPE_AU_NPP
- PAYMENT_TYPE_EU_TARGET2
- PAYMENT_TYPE_AU_DE
- PAYMENT_TYPE_US_ACH
- PAYMENT_TYPE_SG_FAST
- PAYMENT_TYPE_US_WIRES
- SPEI
- AUS_PAY_NET
- EFT
- NCS
- CERTIS
- STRAKSCLEARING_INSTANT
- INTRADAGCLEARING
- CHATS
- GIRO_ZRT
- IMPS
- NEFT
- SKN
- IBG
- NORWEGIAN_INTERBANK_CLEARING_SYSTEM
- PESONET
- ELIXIR
- TRANSFOND_SENT_ACH
- INTERNAL_TRANSFER
- RIX
- CHIPS
- SEPA
- TARGET2
- DIRECT_DEBIT_OUTBOUND