| ACH |
Automated clearing house Features: Compliance – Infrastructures |
| BIC |
Business identifier code, formerly known as bank identifier code Features: Standards |
| CSM |
Clearing and settlement mechanism Features: Compliance – Infrastructures |
| EPC |
European Payments Council Stakeholders |
| eSEPA |
Innovative products and services using modern information and communication technologies within the context of Innovation |
| IBAN |
International Bank Account Number Features: Standards |
| ISO20022 XML |
Mandatory message format for transmission of SEPA transactions, inter alia between PSPs Features: Standards |
| MIF |
Multilateral Interchange Fee. Collective agreement on mutual fees between more than two PSPs, for instance applied on card payments or direct debit transactions. Regulation 260/2012 bans MIFs on direct debit transactions. |
| NASO |
National Adherence Support Organisation About: Countries |
| PE-ACH |
Pan-European automated clearing house Features: Compliance – Infrastructures |
| PSD |
Payment Services Directive (Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services) Features: Legal basis |
| PSP |
Payment service provider. A bank or other payment institution offering payment services to customers, as defined in the PSD |
| PSU |
Payment service user. A natural or legal person making use of a payment service, either as payer or payee. |
| SCF |
SEPA Cards Framework About: Payment instruments |
| SCT |
SEPA credit transfer About: Payment instruments |
| SDD |
SEPA direct debit About: Payment instruments |
| SEPA |
Single Euro Payments Area |
