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

ISO 20022

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

PSD2

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

API (Application Programming Interface)

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

IBAN

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

BIC

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

CSV

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

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