Absa | Corporate Banking channels

We provide a variety of connectivity options, such as direct integration through our host-to-host channel, a bulk payroll payments system and internet banking. We also provide convenient on-site and in-branch cash management services.

Host-to-host

Receive account transactional information directly into your line-of-business systems.

Bulk payments

This system allows you to submit salary and other payment submissions for processing using internet banking.

Internet banking

Our comprehensive internet banking solution puts you in control of your business finances.

Cash in transit

Physically transfers banknotes, coins, credit cards and valuable items to and from different locations, which decreases direct cash handling risk and costs.

Deposita

This system registers each cash note deposited and reconciles deposits to an identifiable source using automatic banking machines.

Branch network

Do all your over-the-counter collections through our extensive countrywide branch and agency network.

Transact in bulk online and review activity directly

This automated, two-way data transfer service for high-volume online banking transactions, gives you direct access to online banking from various applications, 24 hours a day.

How it works
With this solution you can effect payments and collections through a variety of service types, including real-time transactions, and same-day, one-day and two-day services as well as early debit orders.

You can verify in real time or near-real time that account holder details belong to the right individual or company.

Transaction information for single or multiple legal entities can be delivered to a single destination simultaneously and in a single file, before any transactions are performed for the day.
What you get
Automated payments and collections for pre-loaded or ad hoc creditors and debtors

High-volume, high-speed data transfers, with leased-line connectivity

Integration of data into SAP, Oracle and other systems

Automated, round-the-clock transfer of statement details

Seamless integration into your business

Multiple functionality with the same system specifications

Transactions to multiple banks off one system

Improved control of business affairs

Cost-effective banking conducted directly from your business premises, even outside normal banking hours

Guaranteed security and confidentiality
Importer benefits
Integration (your line-of-business systems and your banking complement each other)

Control (your daily financials and cash flow management remain in your hands)

Reduced errors (automated processing reduces manual mistakes)

Reduced risk (all files are processed securely)

Efficiency (you can reduce the amount of time staff spend on banking tasks by removing manual processes)

Submit bulk payments using internet banking

A single online channel for you to perform bulk salary and other payment submissions to multiple statutory bodies. Payroll in the sense of ‘money paid to employees’ plays a major role in a company.

What is a payroll?
A payroll is a company’s list of employees, but the term is commonly used to refer to:

The total amount of money that a company pays to its employees to all banks locally

A company's records of its employees' salaries and wages, bonuses, and other benefits

The company's department that calculates and pays these
How it works
The authorised data capturer or initiator uploads the bulk payments – payroll file – using Absa File Authenticate.

Upon selecting the debiting account, the file will be submitted for approval.

Depending on the highest total transaction amount, the bulk payment – payroll file – will be queued for the approver(s) to authorise the payment file to be submitted to Absa for processing.
What you get
Flexibility and an easy way of processing salary and supplier payments

Avoid manual intervention

Reduce risk

We provide you with flexible online solutions

We offer a range of features that gives you flexibility and the reassurance of secure banking wherever and whenever you want to bank. With our internet banking system, we make it possible for you to experience:

Integrated view

View all your accounts through one portal across Africa, wherever Absa has a presence.
Integrated functionality
Get access to a wide range of products and services on one interface across Africa, including:

Transaction history

Account balances

Customising settings

Online transfers and payments

Payments of wages (single debit multiple credit)
Importer benefits
Get a list of all accounts registered.

Get the balance of all the registered accounts.

Get all transactions statements online.

Be able to print statement.

Download statement for at least 1 year in PDF format.

Send and receive messages from the bank through online system.

Get daily exchange rates.

Get previous rates per date.

Convert currencies online.

Be able to request checkbooks, receipt book and payment orders.

Employer has access to pay salaries to his employees.

Transfer money from one account to another within the bank and beyond (all local and international banks).

Be able to post a standing order on your account.

View your loan repayment history.
Upcoming features
We constantly aim to develop and improve our products and services, and will soon be able to also offer you:

Credit card payments

International payments

Utility bill payments

Airtime recharge

Securely move cash, cards and valuables between locations

By securely transferring banknotes, coins, credit cards and items of value from one location to another, Absa in partnership with certified service providers allows customers to optimise cash flows as well as the time-value of their cash.

What you get
Real-time ping triggers

GPS location accurate within feet

Tracking data stored for evidence

Text and email alerts

Resembles bulk courier cash

Perfect for covert and mobile applications

Easy to use and maintain

Delivery of cash funds from one destination to another

Replacement of old banknotes with new ones at the request of the customer

Manage your cash assets safely and effectively

The industry-leading Deposita system collects and processes cash notes within the retail environment.

How it works
The system registers each cash note deposited and reconciles each deposit transaction to an identifiable source using an automatic banking machine.

When a deposit is made, the device automatically counts the notes and immediately issues a receipt.

When the canisters are removed by the cash-in-transit service provider, all transactions are stored electronically to provide the client with current as well as historical information.
What you get
Through ongoing innovative processes and procedures, enhanced products and business partnerships, Absa and G4S Deposita are able to manage the complete cash management process.

Enjoy peace of mind regarding the safety of staff and the effective management of cash assets.

You have a full electronic audit trail of cash deposit transactions.