Host to Host and Corporate Swift
Gain direct access to Business Online from your ERP system 24 hours per day, enabling you to manage your working capital more effectively.
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.
Corporate Swift
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.
Corporate SWIFT is a single platform that helps to streamline operations, while reducing costs and increasing transparency. 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 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 MT |
Swift MX |
|
|---|---|---|
Transaction initiation |
||
| Payments | pain.001 | MT101 |
| Collections | pain.008 | |
Transaction status reports |
||
| Interim/Final auits; VET/unpaid reports | pain002 | MT199 |
Account information |
||
| Debit/credit notifications | MT900/910 | |
| Provisional statement | MT942 | |
| Final statement | MT940 | |
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
- SWIFT
Once you have chosen a suitable network, the transactional files are exchanged using one of the following supported integration protocols and file format (No additional Transfer protocols):
- 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
-
Host to Host
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.
Corporate SWIFT is a single platform that helps to streamline operations, while reducing costs and increasing transparency. 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 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 MT |
Swift MX |
|
|---|---|---|
Transaction initiation |
||
| Payments | pain.001 | MT101 |
| Collections | pain.008 | |
Transaction status reports |
||
| Interim/Final auits; VET/unpaid reports | pain002 | MT199 |
Account information |
||
| Debit/credit notifications | MT900/910 | |
| Provisional statement | MT942 | |
| Final statement | MT940 | |
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
- SWIFT
Once you have chosen a suitable network, the transactional files are exchanged using one of the following supported integration protocols and file format (No additional Transfer protocols):
- 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)
We also offer
Full Transactional Feedback
View failed transactions, print consolidated reports and update the status of a transaction according to a list of failed reasons.
System Requirements
Find out if your computer has what it takes to run Business Online's services optimally.