Glossary

SEPA Credit Transfer, or SCT, is a payment scheme that facilitates electronic payments between two...

SEPA Direct Debit, or SDD, is a payment scheme that allows recurring Euro transactions across the...

SEPA Instant Credit Transfer, also known as SEPA Instant Payment or SCT Inst, is a payment scheme...

A settlement account is a transactional bank account functioning as quick access to accumulated...

Settlement services are used in interbank operations for the balance settlement of an operation...

Single European Payments Area, or SEPA, is an initiative that streamlines the cashless Euro...

A Small E-Money Institution, also known as Small EMI or SEMI, is a type of Electronic Money...

Small Electronic Money Institution License, or Small EMI License, is required for any Small EMI to...

A Small Payment Institution, also known as Small PI or SPI, is a type of payment service provider...