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SEPA Glossary

SEPA is a comprehensive development and is therefore accompanied with quite some terminologies. For your convenience, we have listed the most important terminologies and their explanation below. Please click on a term to find its meaning.

 

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PSD

PSD stands for Payment Services Directive. This provides the legal framework on which SEPA products will be constructed. This framework has to be implemented in the national laws of each participating country.

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