PSD2

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

Related definitions

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

XML, for eXtensible Markup Language, is a computer language used to structure and hierarchize data using tags, to facilitate…

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

CSV is a file format that can be created or modified in Excel. Rather than…

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

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

Find all our definitions in the Glossary section.