National Development Bank (NDB) has introduced Host-to-Host (H2H) payment services for corporate clients, enhancing its Corporate Digital Banking Platform. This platform offers a comprehensive and powerful suite of advanced digital banking solutions tailored for Corporate clients.
Host-to-Host (H2H) which is also known as NDB Neos Connect is a secure, automated solution that seamlessly integrates with a corporate client’s Enterprise Resource Planning (ERP) system.
- Streamlines electronic data transfers between banks and corporate clients.
- Reduces manual intervention in payment transfers and reconciliations.
- Boosts efficiency and reliability in transaction management.
Main Features
Bulk Transactions
Speed and Reliability
Enhanced Security
Introduction to the Interface
NDB NEOS Connect provides direct connectivity with customer ERP system. This streamlines and enhances the banking experience for corporate customers with increased efficiency and added protection.
Processing methods:-
- Full Host-to-Host - enabled transaction types, no additional approval of corporate authorizers are required to process transactions on NEOS Direct.
- Semi Host-to-Host - requires customer approver authorization through the NEOS Corporate Internet Banking solution.
Types of Transactions
Transfers & Payments
- Own Account & With in NDB Account Transfers
- OTT [Overseas Telegraphic Transfer] Local/ Foreign
- RTGS [Real-time Gross Settlement]
- CEFTS [Interbank Transfer] – online
- SLIPS [Inter Bank Transfer] – Near Real-time[Subject to Cutoff Time]
- Pay Orders
- Bank Drafts
Inquiries
- Transactions List
- Online Account Balances inquiry
- Cheque Printing Status
- Internal Fund Transfer Status Inquiry
- Cheque Stop Status
- Payment Transactions Inquiry
Cheques & Other Operations
- Cheque Printing
- Cheque Stop Requests