EBICS Definition.

Electronic Banking Internet Communication Standard: a secure file-transfer protocol between companies and their banks, adopted in France in 2010 to replace ETEBAC (and also used in Germany, Switzerland, and Austria). It carries pain.001 credit transfer batches, pain.008 direct debits, and camt.053/MT940 statements. The French EBICS TS variant adds a separate electronic signature for payment orders.

See also

→ pain.001→ camt.053

Where this term appears

GuidePayments in GermanyGuidePayments in Germany, Austria, and SwitzerlandGuideB2B payments around the worldGuideSwift MT and the MT940 statementGuideFrance’s CFONB bank file formatsGuideImplementing reconciliationCourseReconciliation and bank file formatsCourseSEPA: credit transfers and direct debits end to endCourseTreasury and cash managementCourseB2B payments, level 2: credit transfers, corporate cards, and receivables financing

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