E1: 74: Electronic Banking Internet Communication Standard (EBICS)

(Doc ID 2132205.1)

Last updated on MAY 31, 2016

Applies to:

JD Edwards EnterpriseOne Accounts Payable - Version 9.1 and later
Information in this document applies to any platform.


The Electronic Banking Internet Communication Standard (short EBICS) is a transmission protocol for banking information for usage by banking clients. The Single Euro Payments Area SEPA concentrates on standardization of clearing protocols in the interbank networks. The SEPA-Clearing guidelines do not supplant any national clearing transmission protocols. The standard does include two major areas - for usage in the bank-client transmission including statements of account (MT940/STA) and for interbanking clearing.

The advantages of using EBICS are
• A common standard for all banks and customers
• An open standard: Corporate customers can use standard (i.e. open source) or customized software
• State-of-the-art-technology, international standards like XML, https, TLS, ZIP
• Highest security protocol possible i. e. encryption at transport and application level (end-to-end)
• Single access for all business transactions, i.e. direct debits and credit transfers, account statements, cash management, securities and many others
• Support of third parties based on a multilevel security concept
• Location- and time-independent authorization of submitted orders

EBICS is a major milestone on the road towards SEPA, able to guarantee the accessibility of all banks by means of a single communication technology throughout Europe.


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