Bank setup (EBICS)

EBICS is the Electronic Banking Internet Communication Standard, which is used to communicate with your bank on your behalf.

EBICS is an internationally agreed ISO standard that is supported by all European banks. Accounting as a Service is already connected to the following banks:

  • Bank of America (Using MT-940)
  • BNP Paribas
  • Commerzbank
  • Credit Suisse
  • Deutsche Bank
  • HSBC
  • HVB
  • ING
  • SEB
  • Sparkasse
  • UniCredit

To enable Accounting as a Service to communicate with your bank, the Accounting as a Service Team needs to receive EBICS users (technical users that are allowed to receive the settlement files and provide payouts and direct debit requests). The user has to have transport- and read-only-rights. All approvals, e.g. for outgoing payments from returns, have to be made by you yourself (the merchant) due to regulatory reasons.

Please contact your bank and ask for the EBICS request form, which needs to be filled by Riverty and signed by you (as the owner of the account).

Please note: For every business code that will be used, a separate bank account needs to be set up. Therefore the users need to have access to all accounts.

Bank account statements

To enable Accounting as a Service to process the account statements, these need to be in a supported format. Accounting as a Service currently supports the CAMT-format (link). Bank statement format needs to be CAMT.053

CAMT-Format

  • CAMT.053 for incoming payment transfers and sums

    • Batch
    • SEPA Credit Transfer (PMNT | ICDT | ESCT)
    • SEPA Core Direct Debit (PMNT | IDDT | ESDD)
    • Reversal Due To Return/Unpaid Direct Debit (PMNT | IDDT | UPDD)
    • SEPA Credit Transfer (PMNT | RCDT | ESCT)
    • SEPA Core Direct Debit (PMNT | RDDT | ESDD)
    • Single Transactions
    • SEPA Credit Transfer (PMNT | RCDT | ESCT)
    • SEPA Core Direct Debit (PMNT | RDDT | ESDD)
    • Charges (PMNT | MDOP | CHRG)

  • CAMT.054 for direct debit transactions

Structur

The following structure is defined by ISO and should be used:

  • Header:
    • Message identification
    • Creation date and time (of file)
    • Message pagination
  • Statement:
    • Identification
    • Electronic Sequence Number
    • Creation Date and Time (of statement)
    • Account information (IBAN)
    • Currency
  • Balance:
    • Code:
    • PRCD = Previously Closed Balance (start balance)
    • ITBD=Interim Balance (used in case of multiple pages)
    • CLBD=Closing Balance (used on last page of statement)
    • Amount of balance
    • Date of balance
  • Entry
    • Amount
    • Status
    • Booking date
    • Bank Transaction Code (ISO)
    • Message Name Identification (reference to CAMT.054)
  • Batch
    • Number of Transactions
    • Total Amount
    • Credit Debit Indicator
  • Transaction Details
    • Message Identification
    • Mandate Identification
    • Amount
    • Bank Transaction Code
    • Charges (if applicable)
    • Interests (if applicable)
    • Related Parties
    • Related Agents
    • Purpose (if applicable)
    • Remittance Information (if applicable)
    • Related dates
  • Charges
    • Identification
    • Commission
    • Allowances
    • Third-party charges
    • Baerer
    • CRED (Creditor)
    • DEBT (Debitor)
    • SHAR (Shared)
    • SLEV (as agreed)
  • Interests
    • Amount
    • Credit/Debit Indicator
  • Related parties:
    • Debtor Account (IBAN)
    • Creditor Account (IBAN)
  • Purpose Codes (find here)
  • Remittance information (unstructured sufficient)
  • Return information (finde here)

Refunds

For payouts (bank transfers to your end-customers bank accounts), Accounting as a Service uses the file-format pain.001, which will be handed over by Accounting as a Service to your bank.

Direct Debit

For captures using direct debit, Accounting as a Service uses the file format pain.008, which will be handed over by Accounting as a Service to your bank. Please make sure to ask your bank partner for your SEPA creditor identification number.

Furthermore, Accounting as a Service is set up to process the CAMT.054 for the reveresed direct debit single transactions. This must be requested from your bank.