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Embedded Banking and Receipts integration

in Receivables & Collections 1 comment

Summary:

Thanks in advance for all with your help with the below:

For receipts integration with banks if we go ahead with Embedded banking ,what is the preferred format for receipts integration? Is it still the BAI2 file or do we get other options like ISO 20022 ? What are the pros and cons of BAI2 vs ISO 20022 if we go ahead with Embedded Banking.

Content (please ensure you mask any confidential information):

What is the seeded Lockbox format which comes available with Embedded Banking? Do we get access automatically to ISO 20022 formats too or if not should we pursue in obtaining them for receipts integration rather than the BAI2 format. Also, can we use the seeded format which comes with Embedded Banking for non-box accounts too for receipts integration?

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