BIC

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

Related definitions

STP (Straight Through Processing)

Straight-through processing (STP) is an automated transaction processing process that uses only electronic transfers, with no manual intervention, …

Authentication

Authentication is a method enabling a computer system to verify the legitimacy of an access request before authorizing it…

UMR

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

ECB

The European Central Bank (ECB) is the European Union’s main monetary institution.

Transaction date

La date d’opération correspond à la date du jour d’enregistrement comptable de l’opération par la banque.

PSD2

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

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BIC

BIC