The Glossary of The Terms

Terms, acronymes and abbreviations opened up.

Term Explanation
ACH Automated Clearing House
AOS Additional Optional Service
BBAN Basic Bank Account Number
BIC Bank Identifier Code
C2B Corporate to Bank
CEFACT United Nations Centre for Trade Facilitation and Electronic Business
CT Credit Transfer
DUNS Data Universal Numbering System
EANGLN European Association for Numbering Global Location Number
EBA European Banking Association
EBA European Banking Authority
EPC European Payments Council
ePI electronic Payment Initiator
ERP Enterprise Resource Planning
FATF Financial Action Task Force
IBAN International Bank Account Number
IBEI International Business Entity Identifier
IG Implementation guide
ISO International Organization for Standardization
MDR Message Definition Report
MIG Message Implementation Guide
MT (e.g. MT 101) Message Type
pain Payments Initiation
PSR Payment Status Report
SCORE Standardised Corporate Environment (administered by SWIFT)
SCT SEPA Credit Transfer
SDD SEPA Direct Debit
SCC SEPA Credit Card
SEPA Single Euro Payments Area
TARGET Services Financial market infrastructure services developed and operated by the Eurosystem which ensure the free flow of cash, securities and collateral across Europe.  T2, T2S, TIPS ECMS
UNECE United Nations Economic Comission for Europe