Send payments securely worldwide with 2-factor authentication
Many companies are starting projects this year to fundamentally redesign their payment traffic. XML file formats according to ISO 20022 and SWIFT initiatives derived from them, such as CGI (Common Global Implementation) and GPI (Global Payments Innovation), as well as new technologies for process design, offer numerous opportunities for a new beginning.
ATAQ2Bank helps you to set up efficient and secure processes by supporting e.g. automated import without intermediate storage and immediate dispatch of payment files via EBICS and SWIFT to the executing banks worldwide. Authorization is always subject to the dual control principle. As a result, personal User IDs or a corporate seal can be generated by ATAQ and automatic dispatch can be started.
However, due to multiple attempts at fraud, Technosis recommends the use of "two-factor authentication" (2FA), i.e. authorized users sign by entering the password known only to them (factor 1 = knowledge) and a transaction number delivered via mobile phone or a hardware token (factor 2 = possession) for the moment of release. The 6 or 8-digit OTP (One Time Password) can be used for all connected financial institutions, as it is not assigned to the bank but to the user. ATAQ determines the appropriate channel for forwarding the payment file for execution on the basis of previously defined rules, so that interfaces to external electronic banking programs are not required.
In order to make it as easy as possible for customers and to harmonize the generation of files in upstream ERP, Technosis fully relies on the current XML file formats and uses the CGI variant, which is more flexible than SEPA, as a starting point for the rapid implementation of bank- and country-specific adaptations that are required in global use. By using this future-proof format, dependencies on certain payment service providers and credit institutions can be significantly reduced and long-term costs saved.