SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures in Europe. SEPA members can make national or cross-border transfers and direct debits in any of the 36 SEPA member countries in less than 48 hours.

What is SEPA?

Related definitions

ECB

The European Central Bank (ECB) is the European Union’s main monetary institution.

SDD

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

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

SEPA zone

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

XML

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

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