| Term | Meaning |
|---|---|
| EBICS | Secure protocol for exchanging files with banks. |
| VEU | Distributed electronic signature: a submitted order waits for the signature of one or more authorized persons. |
| pain.001 / pain.008 | Credit transfer / direct debit files sent to the bank. |
| pain.002 | Status report returned by the bank (accepted, rejected). |
| camt.053 / camt.054 | Daily account statement / debit or credit notification. |
| SDD (CORE, B2B) | SEPA Direct Debit: CORE scheme for consumers and businesses, B2B scheme between businesses only. |
| UMR | Unique Mandate Reference identifying a direct debit mandate. |
| LCR | Lettre de change relevé (French bill of exchange), a collection method used in France. |
| Four-eyes principle | A sensitive action must be approved by someone other than the person who initiated it. |
Updated on October 17, 2026
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