SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them to identify themselves by means of a unique identifier. The SCI is part of the data that must appear on mandates signed by debtors.

Related definitions

IBAN

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

PSD2

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

BIC

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

STP (Straight Through Processing)

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

SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

Authentication

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

Need more information?

Find all our definitions in the Glossary section.

SCI

SCI