What does KID stand for in finance?

Written by Editorial Team | Last Updated: August 2026

In European and Scandinavian financial systems (particularly in Norway), KID stands for Customer Identification (Kundeidentifikasjon). It is an encoded reference number printed on invoices that contains built-in modulus algorithms, allowing banks and corporate accounting software to process electronic payments automatically without manual ledger matching errors.

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A KID number is a standardized payment tracking code used primarily in Norwegian billing systems.

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In Norwegian banking, KID stands for Kundeidentifikasjon (Customer Identification), which functions as a specialized structured reference number attached to bills and invoices.

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In administrative and financial contexts, a KID number (short for Kundeidentifikasjon, or Customer Identification) is a standardized payment reference number utilized extensively in countries like Norway to ensure automated, error-free invoice matchi...

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