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

Transfer order

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

XML

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

SCT

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

CSV

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

Remittance

Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled…

SEPA

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

Need more information?

Find all our definitions in the Glossary section.