About Business Online
This market leading transactional banking channel provides online banking at your fingertips 24/7, anytime, anywhere
Standard Bank offers Business Online (BOL), a market leading transactional banking channel that provides you with online banking at your fingertips 24/7, anytime, anywhere. Business Online has been built to satisfy the diverse needs of our Corporate, Commercial and Business banking clients. To meet the evolving requirements of local and cross-border banking, Business Online offers several key capabilities in one streamlined solution. The online banking system is simple, yet its functionality is powerful.
With Business Online single sign-on, you also have access to Standard Bank’s online Investor Services, International Banking and FX Trading.
Your online security is paramount to us. That’s why every layer of Business Online has been built using the latest security technology – from the solution technology layer, to the communication infrastructure layers and into the client/user environments.
Features of Business Online
2 Factor Authentication
Security process in which the user provides two authentication factors to verify they are who they say they are. It’s an added security measure that makes the theft of logon credentials difficult for fraudsters.
Audit reports
A data log captures the records that make up an audit trail, and audit trail reports assemble these records, so they can be scrutinised. Both interim and final audit logs are provided for, and they can be viewed, exported and printed.
Limit management
To protect your business’s finances, transaction limits can be set at customer, user and transaction level. This controls the amount of funds that can be transferred between your accounts or paid out to beneficiaries.
Security lock out (access control)
With this feature, you can completely deny access to your online banking profile at certain times of the day and on certain days of the week, giving you increased peace of mind – especially outside of normal business hours.
Segregation of duties
This is key to internal controls and provides for role-based security and access and is customised to workflow processes. Segregation and authorisation are available for both transaction processing and user profile management levels.
User access control
We use the latest technology to control access to the system. In addition to username and password, 2-factor authentication provides an extra layer of security to verify the identity of users.