SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures in Europe. SEPA members can make national or cross-border transfers and direct debits in any of the 36 SEPA member countries in less than 48 hours.

What is SEPA?

Related definitions

ECB

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

API (Application Programming Interface)

An API is a programming interface that enables different applications to communicate with each other and exchange data.

CSV

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

SCI

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

ISO 20022

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

XML

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

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SEPA

SEPA

What is SEPA?

Related definitions

ECB

API (Application Programming Interface)

CSV

SCI

ISO 20022

XML

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