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Scheme Types

TypeFull NameCoverageUse Cases
VisaGlobalCredit/debit card payments worldwide
MastercardGlobalCredit/debit card payments worldwide
American ExpressGlobalCredit/charge card payments, premium services
Single Euro Payments AreaEurope (36 countries)Euro bank transfers, direct debits
Society for Worldwide Interbank Financial TelecommunicationGlobalInternational wire transfers, cross-border payments
Automated Clearing HouseUS/North AmericaDomestic bank transfers, direct deposits, bill payments
Faster Payments ServiceUKNear-instant bank transfers (UK)
International Bank Account NumberGlobal (primarily Europe)Standardized bank account identification
Local/Domestic Payment SchemeCountry-specificDomestic payment systems (BACS, EFT, etc.)
Other Payment SchemesVariesAlternative or proprietary schemes