How are payment orders processed?
In a rough outline, payment orders are processed as follows:
(1) JustOn Cash Management prepares the SEPA payment orders and encrypts the data packages.
(2) Under the EBICS signature class T (see Bank Access Requirements), JustOn Cash Management then uploads the data to the bank, where the orders are queued.
If you have set up an amount limit for the technical user, preparing and uploading payment orders will be subject to this limit.
(3) An authorized user (EBICS signature class E or A/B, see Bank Access Requirements) monitors the queue and releases the orders.
These operations are not controlled using JustOn Cash Management. The authorized representatives must use an appropriate third-party banking software or mobile application.