Glossary
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      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