Home - SIZ GmbH - EBICS.org

Time 2022-08-05 13:32:18

Web Name: Home - SIZ GmbH - EBICS.org

WebSite: http://www.ebics.org

ID:271590

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One communication standard for all financial institutions and their corporate customers

Uniform communication throughout Europe for banks and corporates

Applicable to all business transactions and formats (payments, account statements, administration …)

High-performance and secure data exchange between a bank and its corporates

One communication standard for all financial institutions and their corporate customers Uniform communication throughout Europe for banks and corporates Applicable to all business transactions and formats (payments, account statements, administration …) High-performance and secure data exchange between a bank and its corporates PreviousNext

EBICS - Electronic Banking Internet Communication Standard

Corporate clients demand technologically forward-looking standard products which can be used for multi-bank payments. Multi-bank capability, i.e. the accessibility of all banks, is essential for the corporate client since it is the only means of sending payment instructions to several banks in a cost-effective manner. The payment transactions involved include not only credit transfers and direct debits but cover the whole spectrum of corporate customers' cash management.

The advantages of using EBICS are:

Allowing direct interaction of corporates with their banksA common standard for all banks and customersEstablished and open communication standard: Corporate customers can use standard (i.e. open source) or customised softwareEuropean ERP systems are widely EBICS-readyEuropean-wide multi-bank capabilityState-of-the-art-technology, international standards like XML, https, TLS, ZIPHighest security protocol possible i.e. encryption at transport and application level (end-to-end)Single access for all business transactions, i.e. direct debits and credit transfers, account statements, cash management, securities and many othersLocation- and time-independent authorisation of submitted ordersElectronic Distributed Signature (EDS) is a unique selling proposition

EBICS is also used in bank-to-bank-communication and between banks and Clearing and Settlement Mechanisms (CSMs). The evident features with regard to e.g. security, reliability and cost effiency are also well suited for the use of EBICS for interbank/CSM communication.

By joining the EBICS Company (EBICS SC), other countries will have the opportunity to adopt the EBICS procedure, thus making it a European standard.

The objective of the EBICS SC is to extend the use of EBICS to other European countries and to further harmonise transactions, electronic authentication, and customer-to-bank dataformats.

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