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

IBAN

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

SCI

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

Authentication

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

UMR

Stands for Unique mandate reference (UMR). It is a unique number enabling the identification of a direct debit mandate. The

STP (Straight Through Processing)

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

BIC

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

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