SEPA zone

The SEPA comprises 36 member countries: the 28 countries of the European Union, the 5 European micro-states, Switzerland, Norway, Iceland and the United Kingdom.

Related definitions

PSD2

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

ISO 20022

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

SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures

BIC

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

XML

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

IBAN

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

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