GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · HOW A PAYMENT DECLARES WHAT IT IS

Name the message: How a payment declares what it is

Read what the message does, then pick the code that does it.

Which message does this? Carries a customer credit transfer between financial institutions — the interbank leg of a payment where the debtor, the creditor, or both are non-bank customers.

Step 1 of 2

THE DRILL AS TEXT

  1. Which message does this? Carries a customer credit transfer between financial institutions — the interbank leg of a payment where the debtor, the creditor, or both are non-bank customers.
    • pacs.008 — pacs.008 — FI to FI Customer Credit Transfer
  2. Which message does this? Carries a customer's instruction to its payment service provider (PSP) to make one or more credit transfers.
    • pain.001 — pain.001 — Customer Credit Transfer Initiation

This drill is built from How a payment declares what it is — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.