Invoicing

SEPA Request to Pay (SRTP) offers a comprehensive approach to streamline and secure the invoicing process across the SEPA region.

Payments

SRTP E-Commerce and In-app Payment solutions delivers a seamless user experience, are cost-efficient, and offer low fraud risk with straightforward compliance.

Processing

Pinecone’s SEPA Request to Pay solution is certified to the latest SRTP Rulebook and includes all routing options for maximum and cost-effective customer reach in real time.

SEPA Request to Pay Introduction

SEPA Request to Pay (SRTP) is a revolutionary European-wide standard designed to streamline various payment and invoicing scenarios, including in-store, e-commerce, and invoice payments. Developed by the banking community and managed by the European Payment Council (EPC), SRTP is a versatile solution compatible with all SEPA region currencies.

By utilizing ISO 20022, a global standard for electronic data interchange between financial institutions, SRTP ensures standardized and secure transactions. This standardization is crucial for maintaining the integrity and security of financial transactions, making SRTP a powerful tool in the fight against fraud.

Furthermore, SRTP monetizes Instant Payment investments, providing a significant return on investment for financial institutions. This monetization, coupled with enhanced security measures, makes SRTP an invaluable asset in the modern financial landscape.

In the retail sector, SRTP streamlines the payment process for in-store transactions, offering a seamless and efficient experience for both merchants and customers. For e-commerce platforms, SRTP enhances the online shopping experience by providing flexible and secure payment options, thereby increasing customer satisfaction and loyalty.

In the realm of invoice payments, SRTP simplifies the management and processing of invoices for businesses, reducing administrative overhead and improving cash flow.

Overall, SRTP stands out as a versatile and powerful standard that supports a wide range of payment scenarios. Its ability to enhance flexibility, generate revenue, and improve security makes it an essential tool for businesses and financial institutions across Europe. As the financial landscape continues to evolve, SRTP is poised to play a crucial role in shaping the future of payments in the SEPA region.