PSD2

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

Related definitions

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

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

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them

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

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

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

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