openPR Logo
Press release

CoCoNet enhances MULTIVERSA IBS by OFTP access protocol

CoCoNet enhances the modern e-banking-platform MULTIVERSA IBS International Banking Server through an OFTP access channel (Odette File Transfer Protocol) for the data transmission between international banks and corporate customers.

MULTIVERSA IBS is a modular and scalable platform for receiving and processing payment transaction data and delivering customer specific account information like account statements, intraday reports, returns and foreign exchange rate information.

The initial situation at banks that now also offer the OFTP access channel was formed by important corporate customers, mainly from the automotive industry. For the exchange of payment transaction data with banks they predominantly use procedures that are not bank-standardised. As OFTP is a commonly used communications protocol among automotive companies, now the OFTP channel can also be deployed for the file exchange with banks including the variations: receiving, sending and sending on demand.

For the transmission of files, the newly created OFTP access channel uses the networks ISDN and X.25. Besides the existing channels BCS-FTAM, EBICS and the MULTIWEB Banking protocol developed by CoCoNet the OFTP channel represents an additional access channel for corporate customers.

The OFTP access enables the submission of files and the active sending of so called supply data, such as account information. Furthermore, the OFTP channel supports the "change direction mode", resulting in the delivery of data that is available for the customer at the bank (STA, VMK, etc.) back to the submitting customer. As an option customers can request status information from the bank via OFTP, e.g. regarding the state of the order processing.

By managing the active sending the operating company can schedule the sending of supply data such as account statements and intraday reports (STA/VMK, MT940/942) according to the company's availability.

The OFT protocol complements the existing access channels for the host-to-host connectivity.

A widespread access product for corporate customers of banks besides CoCoNet’s high-end portal MULTIVERSA IFP International Banking Portal is the MULTIWEB Banking Client, working as a Java applet. In addition to EBICS it uses the proprietary protocol MULTIWEB Banking.

MULTIVERSA IBS supports the multi-bank standard for corporates in Germany: EBICS. The Electronic Banking Internet Communication Standard will be valid also for France as of 2009. Since January 2008 banks in Germany offer EBICS that is based on existing BCS-order types and formats, for data exchange via Internet.

For the communication of corporates with banks SWIFT offers the three models MA-CUG, SCORE and SWIFT Alliance Lite. In this context MULTIVERSA IBS receives payments from the SWIFTNet designated for being booked in the bank’s back-end. The MT940 messages handed over form the back-end to MULTIVERSA IBS are subsequently automatically forwarded by MULTIVERSA IBS to the customers via SWIFTNet.

The banking server MULTIVERSA IBS now including the support of the additional OFTP channel is a future-proof central platform for the receipt and the delivery of data from and to bank customers.

************

CoCoNet is a software company for e-banking solutions headquartered in Erkrath/Dusseldorf (Germany) and supplies corporate bank customers (wholesale banking) and large corporations in various European countries with internationally applicable electronic banking solutions.

International banks (such as ING, Citigroup, Rabobank, JPMorgan, SEB and HSBC), large corporations (Deutsche Telekom, Allianz and Daimler) and various service providers rely on CoCoNet's e-banking access channels and banking servers.

The MULTIVERSA product suite consists of three main products:
- A high-end e-banking portal solution (MULTIVERSA IFP International Finance Portal)
- A web-based customer system (MULTIVERSA PBS Professional Banking System)
- A bank server (MULTIVERSA IBS International Banking System)

*************

Computer-Communication Networks GmbH
Steinhof 5
D-40699 Erkrath
www.coconet.de
Press contact: Peter Schrameyer
Tel. + 49 (0) 211/249 02-0
Fax + 49 (0) 211/249 02-200

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CoCoNet enhances MULTIVERSA IBS by OFTP access protocol here

News-ID: 64290 • Views:

More Releases from CoCoNet Computer-Communication Networks GmbH

EVRY introduces financial dashboards to enhance its corporate banking offering
EVRY introduces financial dashboards to enhance its corporate banking offering
EVRY has entered into a partnership with CoCoNet to enhance its offering for corporate banks. By integrating CoCoNet’s financial dashboards into its offering, EVRY will help its corporate banking customers to better manage the complexity of financial information. As access to financial data expands, it is becoming increasingly important for companies to be able to visualise complicated correlations and complex data in a user-friendly way. The smart dashboards that EVRY and
CoCoNet launches e-banking iPhone app for corporate customers
Banks see an increasing demand from corporate customers for a mobile access to their accounts, from anywhere and at any time. For this reason CoCoNet launches the new iPhone app as an extension to the corporate e-banking portal MULTIVERSA IFP. Authorising payments and keeping track of movements on balances at any time is a challenge for many managers. Now CoCoNet’s MULTIVERSA IFP App makes it very easy to keep up to
CoCoNet Press-Release: Volkswagen Bank migrates to MULTIVERSA product suite
Volkswagen Bank has migrated from CoCoNet’s established e-banking solutions to its modern banking server MULTIVERSA IBS International Banking Server and its innovative finance portal MULTIVERSA IFP International Finance Portal in order to benefit from cross-national innovations in e-banking formats and banking connectivity. The finance portal MULTIVERSA IFP enables Volkswagen Bank to perform payment transactions with third party banks, while the banking server MULTIVERSA IBS serves as the payment hub of Volkswagen
Synergies for corporate payment processes thanks to SEPA and UNIFI
UNIFI and SEPA represent the standardisation trends in the field of payment transactions and together with modern e-banking systems offer interesting cost saving potentials. The SEPA Credit Transfer and the SEPA Direct Debit are the first payment instruments released by the European Payments Council (EPC) for the Single Euro Payments Area. They are based on the ISO standard for financial services messaging ISO 20022 or UNIFI (UNIversal Financial Industry message scheme)

All 5 Releases


More Releases for MULTIVERSA

CoCoNet Press-Release: Volkswagen Bank migrates to MULTIVERSA product suite
Volkswagen Bank has migrated from CoCoNet’s established e-banking solutions to its modern banking server MULTIVERSA IBS International Banking Server and its innovative finance portal MULTIVERSA IFP International Finance Portal in order to benefit from cross-national innovations in e-banking formats and banking connectivity. The finance portal MULTIVERSA IFP enables Volkswagen Bank to perform payment transactions with third party banks, while the banking server MULTIVERSA IBS serves as the payment hub of Volkswagen
Neue Willkommensseite für E-Banking Software MULTIVERSA IFP
Users of sophisticated portal solutions expect opportunities to personalise their views on their data. The redesigned and extended MULTIVERSA IFP dashboard landing page now shows users all relevant data on their personal view directly after log-in. Right after logging into the system the dashboard landing page comes up and displays all the information sections previously defined by the user. This keeps the user constantly updated e.g. on special important balances
Multibank portal MULTIVERSA IFP with EBICS 2.4 offers enhanced security
The multibank-enabled e-banking solution MULTIVERSA IFP International Finance Portal by CoCoNet supports the internet communications standard between banks and corporate customers EBICS version 2.4 launched by the ZKA (Zentraler Kreditausschuss, made up of the leading associations of the German banking industry). The main focus of enhancements of the current EBICS version 2.4 is on a further increased security level. This EBICS version with the currently deployed internationally recognized and common cryptographic
CoCoNet celebrates its 25th anniversary
In November 1984 a group of talented young scientists at the University Dusseldorf computer centre decided to get together to set up in business and CoCoNet was born. CoCoNets rapidly grew from a dozen employees to 50 employees by the beginning of the nineties and now stands at over 150 employees. Since 2004 the Polish subsidiary CoCoNet Polska has also become part of the CoCoNet group. Today CoCoNet clearly focuses
CoCoNet presents GUI redesign on International UserGroup Banks 2009
On the latest International UserGroup for Banks CoCoNet presented the MULTIVERSA IFP roadmap for the upcoming years. The focus of this year’s UserGroup was the redesign of the Graphical User Interface (GUI) of the MULTIVERSA IFP International Finance Portal. Also new functionality and regulatory adaptations were in discussion. The most important topic was the presentation of the first view on the new GUI of MULTIVERSA IFP version 3.0. The participants really
Deutsche Telekom decided on CoCoNet’s MULTIVERSA IFP
Deutsche Telekom has established MULTIVERSA IFP International Finance Portal as the basis for the centralisation of their group-wide payment transactions via one single platform. The transaction volume in 2008 was more than 3.4 million payments in the Group Headquarters & Shared Services (GHS) and the treasury department and also included large value payments deriving from their asset management. "After an intense process with different suppliers we finally decided on CoCoNet