Efficient global cash management requires a fast and secure way to place high value, urgent treasury payment orders. Fides Electronic Files Transfer (EFT) enables you to instruct your banks around the world to release single (same day value) transfers.
With Fides EFT services you can place orders in one single, uniform way of your choice - encrypted and secured by electronic signatures - to all your banks all over the world. Fides undertakes the processing and routing of the data to each bank. The Fides data validation and enrichment services ensure that the forwarded instructions comply with the required data quality defined in our Service Level Agreement with the respective bank. Fides has over 800 Service Level Agreements (SLA) with banks all over the world. Most of these SLA cover several countries at once. Additional banks will be added on client request.
To perform a treasury payment order, you generate the EFT instructions in your Treasury Software in a format of your choice. Fides routes them to your banks in their requested formats such as:
- SWIFT MT 101 / MT 103 in different flavours
- Swiss and German DTA
- Belgian CODA
- Other proprietary formats
New message types and formats will be added on client request.
To transmit your payment instructions from your finance / ERP software to Fides, you can either use FTP, SFTP and AS2 or just upload it via DTA hub or a Fides EFT middleware kit such as Fides EFT SmartClient or Fides EFTWeb. Alternatively or in addition you can generate single payment instructions directly in the Fides EFT SmartClient or Fides EFTWeb.
Do you want to find out more about how we can help you with your global cash management needs? Do not hesitate to contact us.