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SCI

SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them to identify themselves by means of a unique identifier. The SCI is part of the data that must appear on mandates signed by debtors.

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UMR

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

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SDD

SDD stands for SEPA Direct Debit. It enables the collection of payments in euros in the 36 member countries of

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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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PSD2

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

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Authentication

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

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