sepa is sort of a domestic batch process for the Eurozone...what I gather from Wikipedia anyway...only 4 years old ,not well implemented yet..similar to ach batches rather than instant wires...might be wrong though

 I see 4 types imagined

domestic batches       (sepa,ach) usually 3 day before batch is processed
international  batches (not sure but pay processors like dwolla seem to fit the descrip) 7 dayprocess?

domestic individual instant wires ( what sepa is trying to implement ,swift) instant meaning same day
international instant wires                         (swift w iban account number) same day by 2pm plus hops

id appreciate any corrections as i'm interested in understanding normal processing time versus the current gox times..thanks