Short Payment Descriptor

Short Payment Descriptor (SPAYD, SPD) is a compact data format for an easy exchange of a payment information using modern electronic channels, such as smart phones or NFC devices. Practically, the format is being deployed in the Czech Republic (where the format is an accepted unique standard for QR code payments) and Slovak Republic, but format can be technically used with any bank using IBAN account numbers. That includes currently most of European countries, some in the Middle East and few other ones.