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4.3 Statement number

Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 66 PDF pages: 66

A. Single statement number

Each FTI file you receive will contain a single statement number per account. The statement numbers will start at 000001 and increment by 1 for every file sent. The statement number will reset every year ie, the first FTI file you receive in the New Year will start at 000001.

B. Nedbank CASA statement number

A new statement number is generated on the statement cycle date and / or for every 20 transactions processed on your account. The FTI file you receive will contain the statement number as per your official bank statement ie, the statement numbers will correspond with the final statements you view on NetBank Business or your estatements.

4.4 Benefits of FTI to your business

A. Improved reconciliation

Improved and timely reconciliation can be done.

B. Secure data transfer

Data is sent securely via a host connectivity protocol or encrypted email.

C. Direct FTI file

The FTI files are sent directly to your LOB system to minimise human intervention.

4.5 Benefits of Notifications to your business

This solution creates great value for your business by offering you the following benefits:

  • Enabling you to make informed decisions about your day-to-day operations
  • Reconciling your bank statements
  • Transaction tracking
  • Working capital management / forecasting
  • Inventory control / Goods dispatching
  • Fraud prevention / management
  • FTI sent directly to your line-of-business system
  • Greater customer satisfaction with the service rendered by you