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PCI DSS
Pls walkthrough the UK payment systems.
Swift
how SWIFT messages are organized?
What des the 3 digits stands for in MT messages?
ISO 20022 MX
WHATS UR UDERSTANDING ON Cover payment?
Bulking and debulking?
Diff between IFSC code and SWIFT CODE?
What is IBAN? Is IBAN mandatory for all payments?
Chaps
Chaps cut off time? Which scenario chaps ext will be called?
Correspondent banking
Vostro vs nostro?
what is CREST?
FPS
SEPA
What is the role of SWIFT in SEPA, if any?
Unix, SQL
A new message type expressed in XML syntax, which is more flexible and easier to implement than the previous gen
While Swift code is used for international money transfer, IFSC codes are required when one wishes to transfer money from on
SWIFT plays a number of roles supporting SEPA. It is one the key bodies supporting the ISO20022 stan
ment than the previous generation of message types (MT). These message types are developed in accordance with ISO 20022
ting the ISO20022 standard on which SEPA Credit Transfer and SEPA Direct Debit are based. SWIFT also publishe
sed. SWIFT also publishes SEPA connectivity data for services such as EBA STEP2 and BICs which are used by ba
BICs which are used by banks to route payments in the inter-bank space. It also provides services for banks arou
s services for banks around connectivity and SEPA testing. Corporates also have the opportunity to send SEPA p
portunity to send SEPA payment files to their bank(s) using SWIFT for Corporates connectivity, although they ma
ctivity, although they may also use a system such as EBICS if supported by their banks.