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Host to Host Corporate Swift

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For high-volume, automated banking, our host to host and corporate SWIFT solution provides you with direct access to Business Online from your ERP system 24 hours a 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 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 Product Benefits
  • Single interface: Submit one file that contains transactions across multiple markets and multiple transaction types
  • Secure channels: Safe and secure networks and protocols to safeguard sensitive client information. File encryption can be used as additional measures of protection.
  • Straight-through processing: No manual intervention; fully automated transactional processing
  • Online release: Transactional instructions submitted through Host-to-Host/Corporate SWIFT integrated channels can be held (optional) until authorised on the Business Online channel
  • Bulk (high volume) processing: Better throughput as no recapturing on a bank channel is required, as well as a reduction in errors due to limited human intervention
  • Counterparty management: Ad-hoc or pre-defined beneficiaries/debtors
  • Fit for purpose: Process telegraphic transfers (TTs) using the appropriate clearing mechanisms in each market
  • Enhanced reconciliation: Automated transactional status feedback reports based on various stages of validation and processing. Detailed reports of successful transactions and unpaid items which makes it easy to reconcile.
Cash Management Service features

Online Payments

  • Local payments may be made in the domestic currency and will be cleared using the local ACH or other urgent mechanisms such as RTGS or RTC
  • Regional payments can be facilitated within the rules of the specific region i.e. CMA or SADC
  • International payments may be made in any of the supported currencies
  • Direct Debit order payments
  • Bulk collection of funds can be made directly from debtors’ accounts, provided that a direct debit mandate from the debtor is in place
  • Online Statements
  • Debit or credit notifications will indicate individual transactions that appear on the account
  • Provisional statements are distributed at 15-minute intervals, giving you a view of the movements across your account throughout the day
  • End-of-cycle statements are available daily or monthly, and contain the final transactions for that particular cycle
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 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 
      SWIFT MX
       
      Transaction initiation
      Payments Table content More table content
      Colelctions Table content More table content
       
      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
           
  • Cash Management Product Benefits
  • Cash Management Service features
  • Host to Host
  • Corporate Swift
  • Access to SWIFT network
  • Single interface: Submit one file that contains transactions across multiple markets and multiple transaction types
  • Secure channels: Safe and secure networks and protocols to safeguard sensitive client information. File encryption can be used as additional measures of protection.
  • Straight-through processing: No manual intervention; fully automated transactional processing
  • Online release: Transactional instructions submitted through Host-to-Host/Corporate SWIFT integrated channels can be held (optional) until authorised on the Business Online channel
  • Bulk (high volume) processing: Better throughput as no recapturing on a bank channel is required, as well as a reduction in errors due to limited human intervention
  • Counterparty management: Ad-hoc or pre-defined beneficiaries/debtors
  • Fit for purpose: Process telegraphic transfers (TTs) using the appropriate clearing mechanisms in each market
  • Enhanced reconciliation: Automated transactional status feedback reports based on various stages of validation and processing. Detailed reports of successful transactions and unpaid items which makes it easy to reconcile.

Online Payments

  • Local payments may be made in the domestic currency and will be cleared using the local ACH or other urgent mechanisms such as RTGS or RTC
  • Regional payments can be facilitated within the rules of the specific region i.e. CMA or SADC
  • International payments may be made in any of the supported currencies
  • Direct Debit order payments
  • Bulk collection of funds can be made directly from debtors’ accounts, provided that a direct debit mandate from the debtor is in place
  • Online Statements
  • Debit or credit notifications will indicate individual transactions that appear on the account
  • Provisional statements are distributed at 15-minute intervals, giving you a view of the movements across your account throughout the day
  • End-of-cycle statements are available daily or monthly, and contain the final transactions for that particular cycle

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 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.

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 
      SWIFT MX
       
      Transaction initiation
      Payments Table content More table content
      Colelctions Table content More table content
       
      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
           
We also offer
Full transactional feedback 8 x product images
Full transactional feedback

This service provides detailed feedback on your transactions. You can view failed transactions, print consolidated reports and update the status of a transaction according to a list of failed reasons.

Accessibility
Accessibility

To meet the changing needs of our customers in a digital world, Standard Bank Business Online services are accessible across a multitude of devices, at any time and give you complete control of your finances.