UMR

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

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

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BIC

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STP (Straight Through Processing)

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PSD2

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

Authentication

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

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UMR

UMR