Host to Host Corporate Swift

Online Payments

• Local payments may be made in the domestic currency and will be cleared using the local ACH or other urgent mechanisms such as RTGS or RTC
• Regional payments can be facilitated within the rules of the specific region i.e. CMA or SADC
• International payments may be made in any of the supported currencies
• Direct Debit order payments
• Bulk collection of funds can be made directly from debtors’ accounts, provided that a direct debit mandate from the debtor is in place
• Online Statements
• Debit or credit notifications will indicate individual transactions that appear on the account
• Provisional statements are distributed at 15-minute intervals, giving you a view of the movements across your account throughout the day
• End-of-cycle statements are available daily or monthly, and contain the final transactions for that particular cycle

Host-to-Host is an automated, two-way data transfer service for high-volume online banking that gives you direct, anytime access to Business Online from various applications

Host-to-Host is a direct system-to-system integration between your ERP system and the bank, and with no user intermediary involved. The client system communicates with the bank across one of the following supported networks:

• Private:
  • Leased line
  • Virtual Private Network (VPN)
  • Multiprotocol Label Switching (MPLS)
• Public:
  • Internet

Once you have chosen a suitable network, the transactional files are exchanged using one of the following supported integration protocols and file formats:

• Connect: Direct Secure Plus: A reliable, faster than traditional protocol, that supports secure, encrypted data transfers and promotes security and integrity
• Secure File Transfer Protocol (SFTP): An open remote file transfer protocol with capabilities that include resuming interrupted file transfers, directory listings and remote file removal
• Applicability Statement 2 (AS2): An HTTP-based specification which uses digital certificates and encryption to transport data securely and reliably over the Internet
• Electronic Banking Internet Communication Standard (EBICS): An Internet-based communication and security standard endorsed by German and French banks. Primarily used to move data between organisations and banks, this protocol supports the Single Euro Payments Area (SEPA).

Industry standard file formats such as SWIFT MX and SWIFT MT as well as Standard Bank proprietary formats are supported. Optional file encryption services are available to clients using one of the following supported encryption standards:

• Pretty Good Privacy (PGP)
• Open Source AES/Password-based Encryption (AES Crypt)

• Corporate SWIFT is a single platform that helps to streamline operations, while reducing costs and increasing transparency
• SWIFT (The Society for Worldwide Interbank Financial Telecommunication) offers a single, secure and reliable global channel for multi-banked corporate clients to exchange financial information with their banks. Using Corporate SWIFT, you can automate and standardise financial transactions, helping to reduce operational inefficiencies and risk.
• SWIFT offers a connectivity solution that is generic across banks and financial systems. This helps you to cut costs as a result of improved automation and reduced in-house treasury and information technology expenses.

You can access the SWIFT network through the following models:

• SCORE (Standardised Corporate Environment): A one-to-many open model where SWIFT dictates what message standards the client can exchange with any bank that supports SCORE
• MA-CUG (Member Administrated Closed User Group): A one-to-one model where the client and the bank agree on the messages and/or formats that will be exchanged

All messages are exchanged between the client and the bank across the SWIFTNet private network using one of the following integration protocols and supported file formats:

• FileAct: A cost-effective and reliable protocol to securely transfer large volumes of data in different file formats (SWIFT MX or SWIFT MT) to and from financial institutions. It is typically used to exchange batches of structured financial messages, such as bulk low-value payments.
  • FIN: A secure and reliable, store-and-forward messaging service. It is typically used to exchange single
    high-value transactions in a structured SWIFT MT validated messaging standard

  • SWIFT MX	SWIFT MT	SWIFT MX
    	Transaction initiation
    Payments	Table content	More table content
    Colelctions	Table content	More table content
    	Transaction status reports
    Interim/Final audits; VET/Unpaid reports	pain.002	MT199
    	Account information
    Debit/Credit notifications		MT900/910
    Provisional statement		MT942
    Final statement		MT940