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

SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

API (Application Programming Interface)

An API is a programming interface that enables different applications to communicate with each other and exchange data.

SEPA zone

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

BIC

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

ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

CSV

CSV is a file format that can be created or modified in Excel. Rather than…

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SEPA

SEPA

What is SEPA?

Related definitions

SCT

API (Application Programming Interface)

SEPA zone

BIC

ISO 20022

CSV

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