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SEPA

SEPA stands for Single Euro Payments Area. It consists of 34 countries where SEPA payments instruments like SEPA Credit Transfer and SEPA Direct Debits are used for funds transfer.

International Bank Account Number

IBAN number: definition, structure and checker

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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...
ISO 20022 and The SEPA payments messages elements

SEPA Payments Schemes, Instruments, Initiatives and Messages standards

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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...
Image of a Structure of the SWIFT BIC Code structure

SWIFT BIC Code

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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...
Image for Four Corner Model for the SDD Schemes

Main differences between SEPA Direct Debit Core and SEPA Direct Debit B2B Schemes

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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...
Image for Creditor driven Mandate Flow

Creditor-driven and Debtor-driven Mandate Flows for the SDD

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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

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If you ever want to understand how a payment instrument works and specifically the SEPA Direct Debit, the place to start is to draw...

Payment Market Infrastructures in the World...

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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...

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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...

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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...

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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...