> ## Documentation Index
> Fetch the complete documentation index at: https://docs.wellapp.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Scheme Type

> Essential scheme type indicators for categorizing different payment and banking schemes

## Scheme Types

<table>
  <thead>
    <tr>
      <th>Type</th>
      <th>Full Name</th>
      <th>Coverage</th>
      <th>Use Cases</th>
    </tr>
  </thead>

  <tbody>
    <tr>
      <td>
        <strong>visa</strong>
      </td>

      <td>Visa</td>
      <td>Global</td>
      <td>Credit/debit card payments worldwide</td>
    </tr>

    <tr>
      <td>
        <strong>mastercard</strong>
      </td>

      <td>Mastercard</td>
      <td>Global</td>
      <td>Credit/debit card payments worldwide</td>
    </tr>

    <tr>
      <td>
        <strong>amex</strong>
      </td>

      <td>American Express</td>
      <td>Global</td>
      <td>Credit/charge card payments, premium services</td>
    </tr>

    <tr>
      <td>
        <strong>sepa</strong>
      </td>

      <td>Single Euro Payments Area</td>
      <td>Europe (36 countries)</td>
      <td>Euro bank transfers, direct debits</td>
    </tr>

    <tr>
      <td>
        <strong>swift</strong>
      </td>

      <td>Society for Worldwide Interbank Financial Telecommunication</td>
      <td>Global</td>
      <td>International wire transfers, cross-border payments</td>
    </tr>

    <tr>
      <td>
        <strong>ach</strong>
      </td>

      <td>Automated Clearing House</td>
      <td>US/North America</td>
      <td>Domestic bank transfers, direct deposits, bill payments</td>
    </tr>

    <tr>
      <td>
        <strong>faster\_payments</strong>
      </td>

      <td>Faster Payments Service</td>
      <td>UK</td>
      <td>Near-instant bank transfers (UK)</td>
    </tr>

    <tr>
      <td>
        <strong>iban</strong>
      </td>

      <td>International Bank Account Number</td>
      <td>Global (primarily Europe)</td>
      <td>Standardized bank account identification</td>
    </tr>

    <tr>
      <td>
        <strong>local</strong>
      </td>

      <td>Local/Domestic Payment Scheme</td>
      <td>Country-specific</td>
      <td>Domestic payment systems (BACS, EFT, etc.)</td>
    </tr>

    <tr>
      <td>
        <strong>other</strong>
      </td>

      <td>Other Payment Schemes</td>
      <td>Varies</td>
      <td>Alternative or proprietary schemes</td>
    </tr>
  </tbody>
</table>