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Authentication

Authentication

Authentication is a method enabling a computer system to verify the legitimacy of an access request before authorizing it. With authentication, a user can prove his or her identity and access software, for example. We recommend the use of strong authentication, i.e. the use of two authentication factors (password/authentication card/Fido key/biometrics) to log in.

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SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them

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PSD2

PSD2 is a directive introduced by the European Parliament to harmonize payment regulations within the European Union.

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BIC

The BIC (Bank Identifier Code) is used to identify a financial institution in any international financial transaction. Each financial institution…

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UMR

Stands for Unique mandate reference (UMR). It is a unique number enabling the identification of a direct debit mandate. The

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IBAN

The IBAN (International Bank Account Number) is the international identifier of a bank account at a financial institution in a…

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Find all our definitions in the Glossary section.

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