NatWest Introduces Payment APIs for Corporate Customers
(10 November 2022 – United Kingdom) NatWest has launched three new APIs to support corporate, commercial, and institutional customers demand for real time payments and automated reconciliation needs, including BACs payments.
The release adds to the Indirect Access Payments suite of APIs which are widely used by Natwest Agency Banks and Indirect Payment Service Providers to process secure bank-grade and non-bank grade domestic payments, worth billions in value.
For commercial and corporate treasury teams, NatWest is supporting the increasing demand for real time payments and processing with the addition of three new APIs in the bank’s host-to-host solution, Bankline Direct, supplementing those already available for financial institution customers.
Bankline Direct integrates with customers Treasury Management Systems (TMS) or Enterprise Resource Systems (ERP) and is used for payments and reconciliation activities.
The power of NatWest Bankline Direct APIs lies in their ability to directly connect the Bank with different systems allowing for the secure transmission and processing of payment data in real or near real time. The APIs use industry-standard security and ISO20022 formats allowing customers to make secure payments.
“Our newest APIs use the latest technologies to support our customers’ needs. The result is a seamless and secure transition to real time payments in the digital, always on economy. As we continue to innovate, our API products will allow our customers to improve their interaction with us and receive essential data more quickly” said NatWest Head of Digital, Jonathan Hall.