What Is EBICS?
EBICS (Electronic Banking Internet Communication Standard) is a protocol used for secure communication between banks and their clients. It's widely used in France, Germany, Austria, and Switzerland for direct bank data integration without relying on third-party providers.
Why Use EBICS by Mata?
Using EBICS by Mata offers several advantages:
High Data Reliability: Ideal for businesses with multiple bank accounts, ensuring there are no duplicates or missing transactions.
Continuous Authentication: Unlike PSD2 connections, EBICS doesn't require re-authentication every 90 days.
Control Over Data Synchronization: You have better control over when fresh data is displayed in Agicap.
How Does EBICS by Mata Work?
When you set up EBICS by Mata, the Mata virtual machine securely retrieves your bank transaction data via the EBICS protocol. The data is then seamlessly integrated into your Agicap account.
How to Set Up EBICS by Mata in Agicap
Follow these steps to set up your EBICS connection:
Request an EBICS Contract: Contact your bank to request an EBICS contract if you don't already have one.
Obtain Your Credentials: Ensure you have your EBICS User ID, Partner ID, and your bank's Host ID.
Contact Agicap Support: Reach out to your dedicated Agicap representative with your EBICS details.
Configure the Connection: Agicap will set up the EBICS connection using the Mata virtual machine to securely retrieve your bank transactions.
Verify the Connection: Once set up, verify that your bank accounts are connected and that transactions are being imported correctly into Agicap.
Tips 💡
EBICS T vs. EBICS TS: Ensure you're using EBICS T for retrieving bank transactions. EBICS T allows us to pull data from your bank, while EBICS TS is used for pushing data such as payment orders via another tool.
Bank Specifics: Some banks may require a new contract or have specific procedures for EBICS connections. Check with your bank for any special requirements.
Transaction History: EBICS connections start retrieving data from the day they are set up. If you need historical transactions, you may need to import them separately into Agicap.
Q&A ❓
How do I know if EBICS is right for my business?
EBICS is ideal if you have multiple bank accounts and need high reliability in your transaction data without frequent re-authentication. It's also suitable if you're experiencing issues with PSD2 connections.
Can I switch from PSD2 to EBICS?
Yes, you can replace PSD2 connections with EBICS connections. Contact your Agicap representative to assist with the transition.
What countries support EBICS?
EBICS is used in France, Germany, Austria, and Switzerland.