High Level serial message flow: Payment Initiation pain.001 “Relay”

Initiating Party may alternative represent an authorised party such as a head office.

 

**or other proprietary method for instructing a payment initiation request.

Interbank Customer Credit Transfer Initiation message is sent by the Initiating Party to the Forwarding Agent or the Debtor Agent. It is used to request movement of funds from the debtor account to a creditor. There are three common use cases:

                Relay: The pain.001 message is sent by the Initiating party (the Debtor or authorised party) to the Forwarding Agent which acts as a concentrating financial institution. It will forward the pain.001 message to the Debtor Agent