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

Direct debit

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

XML

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

SDD

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

Direct debit order

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

Deposit slip

The deposit slip is a document handed over by a client to his banker, as part of a deposit or

SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures

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