PSD2

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

PSD2: what are the new European directives for payment solutions?

Related definitions

IBAN

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

ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

UMR

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

STP (Straight Through Processing)

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

BIC

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

CSV

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

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PSD2

PSD2

PSD2: what are the new European directives for payment solutions?

Related definitions

IBAN

ISO 20022

UMR

STP (Straight Through Processing)

BIC

CSV

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