4.1 What is the FTI solution?

Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 63 PDF pages: 63

Q: What delivery methods are available for PTI on NetBank Business? A: Provisional transaction information is available via email on NetBank Business and can be sent in real time and/or near real time.

Q: Is pricing Volume Based? A: Yes, pricing can be tiered but pricing needs to be discussed with your transactional banker.

The Final Transaction Information (FTI) service offers you a statement in a machine -readable 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 ba nk recon and create an exception file of un-reconcilable items before your next business day starts.

4.2 Key features of FTI

A. Push of transactions

Daily confirmed transactions are pushed directly into your LOB systems using a secure delivery method (protocol).

B. Ease of reconciliation

Your LOB system extracts any relevant data for automated reconciliation process. Exception items can then be dealt with separately (eg where a reference used is not aligned with the formatting in your LOB system).