EBICS procedure
EBICS stands for “Electronic Banking Internet Communication Standard”.
It offers corporate customers the opportunity to process global payment transactions with the bank quickly and flexibly via the Internet with the highest level of security.
The banks are obliged to offer this standard.
Banking with EBICS at a glance:
- national multibank standard
- Means of transportation for all business processes such as direct debits, transfers, account statements, cash management, securities orders and much more
- Simultaneous processing of payment transactions
- Location-independent release of payment orders
- Functions that make work easier, e.g. the distributed (location-independent) electronic signature
- Multi-level signature concept enables the involvement of service providers
- Take full advantage of all the benefits of SEPA
- Integration of modern technology and international standards such as https
Advantages
- Reach all banks with one software
- Can be used with existing standard software
- Use of fast Internet connections
- Encrypted data transfer
- High security thanks to modern encryption methods
