Overview

Ecobank’s Corporate Internet Banking (ECIB) is a secure internet based service that provides corporate clients with access to online banking. Benefits:

• Speed in payment processing
• Access to critical account information for decision making
• Access to information such as daily exchange rates for several currencies including major trading currencies
• Access to reports of all transactions processed by clients through the platform
• Availability of audit trail information of all user activities
• Processing of several payments in one bulk remittance transaction.

Key Product Features are:

Enquiries
The user is provided with account balances and transaction history of all activities on the accounts. Information on transaction history can be downloaded in formats including CSV, Excel & MT 940. Optionally, the bank’s client can also obtain a hardcopy of their statements.

Transaction Initiation

Book Transfers
On this module, the client can transfer funds between accounts on the internet banking platform.

Third Party Transfers
Clients can use this module to effect payments to suppliers or employees irrespective of the bank where the beneficiary’s accounts are domiciled. The transaction process follows the Central and Reserve Banks rules and regulations on interbank transfers; and subject to clearing regulations, Electronic Funds Transfer (EFT) process etc.

Bulk payments
All payment instructions can be effected through the bulk payment module. Payments to suppliers and staff salaries are made easy through upload of a file on the platform which is guided by a maker and checker approach. Our system has different authorization level matrices embedded in it. No individual can upload transactions as well as authorize the same.

Work-Flow Automation

The solution allows the client to replicate and automate his current manual process. Assigning different roles to users (initiator, approver, authorizer etc), the client is able to control and restrict access of personnel to accounts. As a result of the automated workflow, the customer achieves effi ciency in operations and minimizes costs substantially.

Exchange Rates

Enables the customer to view on-line; real-time exchange rates offered by the bank.

Loans, Deposits and Standing Orders

Using this module, the corporate user can view their loan repayment schedules. On a Term Deposits icon, the client can select any of their accounts and review term deposits. Similarly, Standing Orders for frequently occurring payments can be requested on the system and can be reviewed via this module.

Cheque Book Request

Cheque books requested on a module are delivered to the registered address.

Statement of Account

Request for certified statements are available via a module.

Leading Edge Security

In line with its business ethics, Ecobank has gone the extra mile in ensuring the product meets all the international security standards. Key security features available on the ECIB system are:

• RSA Secure ID tokens utilized – These incorporate two factor authentication (very high security standard complied with by developed economies)
• 128-bit SSL Encryption
• Role-based security implementation
• User ID & password encryption
• Soft keypad for password capture
• Password security policies
• Audit trail

Implementation and product support

Our team of highly trained personnel ensure that the enrolment of clients, their training and after sales support is implemented efficiently. In addition Ecobank operates a 24-hour dedicated Contact Centre in several countries, to ensure that clients are never stranded even after business hours.

Speak to your Corporate Banking Products Manager and/or your Account Manager today or visit www.ecobank.com