Enty's Business Glossary:

IBAN

IBAN (International Bank Account Number) is an international 20-digit number used for both domestic and international transactions, it simplifies and standardizes the interaction with banks and financial institutions across not only the EEA but almost all over the world. An introduction of the IBAN number actually made international business life much easier and safer because of the standardization of the payment process and the deliverance of possible mistakes with operations between different countries.

IBAN

IBAN (International Bank Account Number) is an international 20-digit number used for both domestic and international transactions, it simplifies and standardizes the interaction with banks and financial institutions across not only the EEA but almost all over the world. An introduction of the IBAN number actually made international business life much easier and safer because of the standardization of the payment process and the deliverance of possible mistakes with operations between different countries.