B2B

A secure internet based electronic payment solution designed specifically for corporate groups, that need to execute large volumes of transactions with high frequency. B2B integrates the corporate ERP systems directly with Banque Saudi Fransi’s payment gateway.

Company Benefits

• Fully automated between company and Banque Saudi Fransi without manual intervention
• Supports future value transactions
• Seamless integration between company IT systems and bank payment gateway
• Easy reconciliation 

Product Functions

• Transfer between accounts held with Banque Saudi Fransi
• Transfer to other bank’s account in the country (SARIE)
• Transfer to international banks (SWIFT)
• Bulk payments (payrolls and others)
• Intra-day statement with real time balance
• Transaction history with open and close balance
• 24x7 inquiry

Technology & Workflow

• Corporate clients send electronic MT100 instructions to Banque Saudi Fransi to debit their accounts and credit other accounts
  • messages decoded for authentication and validation
  • messages routed to Banque Saudi Fransi’s payment system for execution internally, through SARIE, or SWIFT
• Banque Saudi Fransi retrieves all MT940 statements for corporate accounts, either locally, as well as internationally, and makes them available online for companies as of last business day

Validation

• Certificate authentication
• Value date and SARIE cut-off time check
• Client debit account verification

Security

• Transactions signed digitally
• Authenticated client certificates
• 128 bit encryption
• Base-64 encoding
• Limited web server access
  • IP addresses designated by company
  • through SSL port

For more information, please contact: