MULTIVERSA IFP with new user friendly payment authorisation process

25 January 2011 - The corporate e-banking solution MULTIVERSA IFP International Finance Portal now offers the option for single signing of multiple payment batches. This feature further improves the usability especially for the authorisation process. Users can select various payment batches and authorise them in a single action.

Users can initiate the new authorisation procedure by selecting multiple batches they would like to sign in one step. MULTIVERSA IFP displays a summary screen containing all relevant details of the selected payment batches. In a mixed currency situation the system displays the check sums differentiated in the respective currencies. After clicking “Authorise” MULTIVERSA IFP asks the user to enter the password only once for the whole batch of payments.

The user can work with the same easy to use signing process in case he wants to cancel batches or return them into the open payments section.

In Germany the e-banking standard of the ZKA (Zentraler Kreditausschuss, comprising the associations of the German credit services sector) requires signature(s) to be sent to the bank with each payment batch. To meet this demand MULTIVERSA IFP automatically generates and sends signatures per batch to the bank while the user has to enter his password only once. Only in case of using a class 3 security token reader including a keypad for entering the user password the user still has to sign each single batch.

The optimised authorisation procedure saves the time of the user and makes it much easier to sign multiple batches in one step.