ISO 20022
International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.
Related definitions
Direct debit order
A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.
Remittance
Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled…
Direct debit
A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the
Transfer order
A transfer order is given by the owner of a bank account, whether an individual or a company, to pay
Treasury transfer
A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…