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1.1 Introduction

Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 10-11 PDF pages: 10-11

Transactional information (TI) consists of the following set of products:

A. Notifications

The Notification service will send you a sms or email, informing you of any transaction processed on your account as well as other value added Notification options eg low balance alert. You can receive Notifications on any current or savings account you hold with Nedbank.

The Notification service is a dynamic solution that will allow you to customise the Notification to suit your business needs. You can set up to 10 000 different types of Notifications, each on a separate Notification instance ie you can have different Notification instance for the Chief financial Officer and a different Notification instance for the debtors clerk. Each instance is customisable to send out specific Notifications to specific recipients, ie each instance setup allow you to:

  • Specify the account/s to be notified on
  • Specify the type of transaction to be notified on

  • Specify the value of the transaction to be notified on eg if a company has mandates in place you can setup the instance to only send transaction above a certain value to the CFO

  • The option of receiving certain Value Added Notifications eg to be notified if your account balance drops below a specified amount or if the usage of your account overdraft limit reaches a certain percentage.

  • Specify a time preference, if you would not like to receive Notifications during specific hours of the day eg only send Notifications between 8am and 5pm
  • Specify up to 10 email addresses or cellphone numbers

B. Provisional Transactional Information (PTI)

The Provisional Transaction Information (PTI) service will send you a Notification in a machine-readable format when a provisional transaction has been processed to your current and/or savings accounts. This PTI service will send a Notification that can be integrated directly into your line-of-business (LOB) system providing you with the ability to automate operational processes. Note, this is only provisional information so it is up to the client if they would like to rely on this information for operational decisions.

Example: If you sell 'prepaid electricity' as soon as money is deposited into your account, PTI will send a Notification to your line of business system and based on the information your system will release the prepaid electricity to your client in a real time manner.

C. Final Transaction Information (FTI)

The Final Transaction Information (FTI) service offers you a statement in a machinereadable format of confirmed financial transactions that have been processed through your current or savings accounts. These confirmed transactions are extracted from your accounts, formatted and delivered to you as per your selected preferences. This file can be integrated directly into your line of business system allowing you the ability to automate the reconciliation of your bank statement.

Example: you will receive a file between 3am and 8am (client preference) of all confirmed financial transactions for the previous day, allowing your system to complete the bank recon and create an exception file of un-reconcilable items before your next business day starts.

D. Information Request (IR)

Information Request (IR) is an automated solution that will allow you or an authorised third party bank to request statement information on your current or savings account using the SWIFT network.

The authorised requester of the statement information will require a valid SWIFT address and will send Nedbank a MT920 SWIFT message requesting the relevant statement information. On receipt of the MT920 message the TI system will validate if the SWIFT address has been given permission to request statement information on the