Why does Orchid need bank specs?
Most banks accept different file formats depending on the client's account type and transaction type. The bank specification helps us confirm a compatible file type to use with EFT Processing so that it will be accepted by your bank.
Orchid EFT Processing supports 800+ bank formats for a variety of banks from 80+ countries. File formats supported include domestic payments in many countries, cross-border payments, positive pay, prenotes, WIRE, ACH, NACHA, CPA005, SEPA, ISO20022, BPAY, etc.
Creating a new file format
If the required format is not currently supported, Orchid Systems can develop it according to your bank's specifications using our WebAssembly mapping engine.
Testing the file
As part of the implementation of EFT Processing, it is advised to plan some testing with the bank.
Tip: If a new file format is required, you will need to allocate some more time for testing the new file layout.
Next steps
The bank also provides the client's details used in EFT Processing. See Client's bank details
