Division 24

Credit transfers initiated electronically are further split into credit transfers initiated remotely and credit transfers initiated non-remotely. Within these breakdowns, transactions are reported by scheme and for each scheme, they are further broken down by authentication channel, i.e. ‘authenticated via strong customer authentication (SCA)’ or ‘authenticated via non-SCA’. As the sub-categories are mutually exclusive, the total number of credit transfers by credit transfer scheme is the sum of the sub-categories. The same principle applies to the value of transactions.