SaaS

SaaS stands for Software As A Service. SaaS is a cloud-based service. When a software is available in SaaS mode, you don’t need to download an application to your PC; you can access it via your web browser.

Related definitions

BIC

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

STP (Straight Through Processing)

Straight-through processing (STP) is an automated transaction processing process that uses only electronic transfers, with no manual intervention, …

SCI

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

IBAN

The IBAN (International Bank Account Number) is the international identifier of a bank account at a financial institution in a…

PSD2

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

Authentication

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

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