ISO 20022

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

ISO 20022: International payments in Iziago

Related definitions

PSD2

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

SCT

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

SDD

SDD stands for SEPA Direct Debit. It enables the collection of payments in euros in the 36 member countries of

Transfer order

A transfer order is given by the owner of a bank account, whether an individual or a company, to pay

Direct debit order

A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.

Treasury transfer

A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…

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