Host-to-Host and Corporate SWIFT

To help you manage your company’s working capital more effectively, Business Online puts important information where you need it. We provide Host-to-Host and Corporate SWIFT secure, integrated channels that allow you direct access to Business Online from your ERP systems.

This enables you to connect to Standard Bank via one of the supported networks. File transfer is managed by a secure file transfer protocol. Industry standard file formats are used to initiate instructions (payments or collections) and receive status reports and statements across 19 African markets.

These channels work in a hub-and-spoke manner – all client files are sent to a central location in South Africa and are routed to the relevant countries across the continent for processing.

Cash Management Products

Utilising process automation that increases accuracy and productivity, our cash management solutions are designed to help you manage your working capital requirements more effectively and efficiently.

Powerful functionality – including bulk processing capabilities to save time and automate tasks – lets you manage varied payments via a single interface.

Cash Management Products Benefits Cash Management Services Features

Host-To-Host

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

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.

Access to the SWIFT Network

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
	Transaction initiation
Payments	pain.001	MT101
Collections	pain.008
	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