Omikron has realized a direct connection to banks via the SWIFT network in MultiCash Transfer. This means that the use of the SWIFT network, via which virtually all banks worldwide can be reached, is now an additional option for multi-national corporates to manage their payments processing.
Designed as a bank-independent platform for the optimal connection of corporates to their banks, MultiCash Transfer is now well established and at the heart of many international Payment Factory solutions. In light of the changing world of Electronic Banking, MultiCash Transfer is constantly being optimized and enriched by new functionality.
On the basis of the SWIFT Alliance Lite interface, Omikron has now developed the add-on module "MultiCash SWIFT-Connector" for MultiCash Transfer. This provides fully automated exchange of data via SWIFT. All steps required for payment processing can now be integrated smoothly into the corporate workflow management. In addition, both the transfer of validated messages via the SWIFT-FIN service and the submission of pre-prepared files via SWIFT FileAct are available - depending on requirements and what the corporate’s banks supports. The modular concept of MultiCash solutions enables multiple communications options to be included within a single Electronic Banking platform. These include, alongside SWIFT, national communication standards such as EBICS, the established MCFT channel and bank-proprietary connections.
"With our growth strategy SWIFT 2015, we are continuing to extend our product portfolio and opening it for a broader user base", says Sebastian Niemeyer, responsible for corporate business at SWIFT Germany. "Providing a SWIFT option for the extensive MultiCash user community is a perfect fit with this objective".
In a joint project with Omikron and SWIFT, a leading German savings and loan association has become the first to implement the MultiCash SWIFT-Connector in MultiCash Transfer. The main goal was to exploit the benefits of a direct connection to the German Bundesbank for regular bulk payments and direct debits. Gregor Opgen-Rhein, the responsible project manager at Omikron says : "MultiCash Transfer provided a secure way to realize this connection in the corporate environment, while at the same time fully mirroring the internal authorization hierarchy".