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;