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A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the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