IBAN number: definition, structure and checker
The IBAN number or simply IBAN (International Bank Account Number) serves as the unique identifier for the bank account in SEPA payments. Debtor and Creditor...
SEPA Payments Schemes, Instruments, Initiatives and Messages standards
Simply put, SEPA payments are pan-European payments instruments in Euro, created as results of the SEPA project whose aim is to harmonize standards and...
SWIFT BIC Code
The SWIFT BIC code is a standardized international identifier (ISO 9362) used in financial messages exchanges. Understanding what the BIC code is fundamental because it...
ISO 20022 Messages for the e-Mandate service in SDD Schemes
In the previous article, we analyzed the messages for SDD schemes available in the SDD implementations guidelines except the ones used in the e-Mandate...
ISO 20022 Messages exchanged in the SDD schemes
After looking at the different SDD schemes, the involved players and their roles, the next thing to consider is the messages exchanged in the...
Main differences between SEPA Direct Debit Core and SEPA Direct Debit B2B Schemes
Before considering the differences between SEPA Direct Debit Core and SEPA Direct Debit B2B Schemes, it is worth reminding ourselves what a scheme is. The...
Creditor-driven and Debtor-driven Mandate Flows for the SDD
There exists two direct debit models: the Creditor-driven Flow and the Debtor-driven Mandate Flow. The SDD Schemes are based on the first model, the...
The Four Corner Model for SEPA Direct Debit
If you ever want to understand how a payment instrument works and specifically the SEPA Direct Debit, the place to start is to draw...
Camt messages for customer reporting in the Customer to bank space
The EPC recommends three messages for the customer reporting. The bank can use one or many of them, according to client’s needs, to provide...
Direct and Indirect Participants to Clearing and Settlement Systems
Banks can join a clearing system or a settlement system as direct participant (DP) or as indirect participant (IP). After reading this post, you...
Payment Market Infrastructures in the World...
In the United Kingdom, Banks can join the Payment market infrastructures for the Pound sterling, but since UK belongs to the SEPA Area, UK...
Payment Market Infrastructures in the World...
In our last videos, we spoke about the payment market infrastructures in Sweden. In today’s video, we will consider the payment market infrastructures of...
Credit Card Alternatives for Handling Large...
Image: UnsplashFor a long time, people have relied on credit cards to help with the handling of major expenses. The idea is simply to...
Secrets to understand Payments Market Infrastructures...
In the previous video, we explained how Payment Market Infrastructures are structured anywhere in the world while focusing on the example of Sweden. Swedish banks...