PSD2

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

PSD2: what are the new European directives for payment solutions?

Related definitions

ISO 20022

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

SEPA

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

BIC

The BIC (Bank Identifier Code) is used to identify a financial institution in any international financial transaction. Each financial institution…

Authentication

Authentication is a method enabling a computer system to verify the legitimacy of an access request before authorizing it…

SEPA zone

The SEPA comprises 36 member countries: the 28 countries of the European Union, the 5 European micro-states, …

SaaS

SaaS stands for Software As A Service. SaaS is a cloud-based service. When a software is available in SaaS mode,

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PSD2

PSD2

PSD2: what are the new European directives for payment solutions?

Related definitions

ISO 20022

SEPA

BIC

Authentication

SEPA zone

SaaS

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