Release News for CitiDirect BE SM and CitiConnect

Transcription

1 Release News November 16, Release News for CitiDirect BE SM and CitiConnect CitiDirect Online Banking (This combined Release News replaces the individual Release News documents previously Release News August 11, 2012 available for CitiDirect Online Banking and CitiConnect ) CitiDirect Online Banking will be updated during the weekend of August 11, High-level descriptions of the planned updates to CitiDirect are provided in this Release News, including information on new and enhanced functionality and updates in response to Legal and Regulatory changes worldwide. November 16, 2013 Please note: You will receive a file download with this CitiDirect Online Banking update. CitiDirect BE SM will be updated during the weekend of November 16, Transaction High-level descriptions Services of the planned updates to CitiDirect BE are provided in this Release News, including information on new and enhanced functionality and updates in response to Legal and Regulatory changes worldwide. Please note: You will receive a file download with this CitiDirect BE update. Treasury and Trade Solutions

2 Release News November 16, Release news for CITIDIRECT BE SM and CitiConnect November 2013 INTRODUCTION AND HIGHLIGHTS To Our Valued Customers: CitiDirect BE SM and CitiConnect represent the next generation of Citi s access channels for online banking and host-to-host connectivity. Our platforms provide a single point of entry into a complete suite of corporate banking and cash management services. Our new CitiDirect BE platform offers improved navigation, quick search capabilities, and a single-entry portal. With CitiDirect BE, customers will have access to a wide variety of value-added services including Payment Analytics, ReceivablesVision, and Electronic Bank Account Management (ebam). Also, Citi s premier host-to-host connectivity solution, CitiConnect, offers a multitude of connectivity options along with the flexibility to integrate with ERP, treasury workstations and other accounting systems. CitiConnect aims to solve client s connectivity challenges and to achieve straight-through-processing to increase efficiency and limit manual intervention. On October 5th new CitiDirect BE features were deployed including new functionality for Quick Tasks and Client Administrative Services. Users can now initiate payments from preformats, perform file authorizations and view intraday cash positions via Quick Tasks. In addition, authorizing Security Managers can view changes for all modified data points prior to authorizing the changes. Please read the CitiDirect BE October 5th Release News for full details regarding all of the enhancements. Additionally, we will continue with our efforts to deliver a superior client experience for CitiDirect BE and CitiConnect with the November 2013 Release. The release also includes Legal and Regulatory enhancements for countries worldwide including Hungary, Taiwan and Brazil. We have provided details of these enhancements in the following document. Highlights for some of these enhancements include: CitiDirect BE Session Timeout behavior enhancement Once the CitiDirect BE session times out, users will no longer be required to close the CitiDirect Services window. After re-logging into the CitiDirect BE Portal, the CitiDirect Services session will automatically be reactivated such that users will be able to resume work from the last point of action. WorldLink Payment Services Amendments Customers who do not have a Citi debit account or didn t use a Citi account to fund the payment will be able to initiate a request to amend a WorldLink Cross Border Funds Transfer. The amendment case will be created against a requestor s WorldLink ID instead of a debit account number CitiDirect BE SM Mobile New Look and Feel CitiDirect BE Mobile has refreshed its look and feel. We encourage all of our clients to login to check out this improved design. Trade Authorization The trade authorization mobile functionality has been expanded to include additional trade product including Response to Bill Discrepancy, Direct Collections, Export Documentary Collections and Response to Import Collection Notification CitiDirect BE SM Tablet CitiDirect BESM Tablet is now available and offers access to the CitiDirect BE platform via an ipad device. CitiDirect BE Tablet is a tablet-specific application that provides visibility into important transactional information supporting decision-making and business management for senior treasury executives. We want to hear what you think. Please reach out to your Citibank Representative with any questions on this release or questions related to CitiDirect BE or CitiConnect. Sincerely, Your CitiDirect BE and CitiConnect Teams

3 Release News November 16, Table of Contents Global Updates... 5 CitiDirect BE... 5 CitiDirect BE SM Mobile... 5 WorldLink Payment Services... 7 Updates by Region... 8 Asia... 8 Asia By Region... 8 CitiConnect for Files... 8 Citi Straight Through Reconciliation... 8 Asia By Country... 8 CitiConnect for Files... 8 File Import... 8 Europe, Middle East and Africa... 8 EMEA By Country... 8 File Export... 9 Payments... 9 Latin America Latin America By Region Payments Reports Latin America By Country File Imports Payments North America North America By Country... 12

4 Release News November 16, Payments Legal and Regulatory Updates Asia By Country Europe, Middle East and Africa By Country Latin America By Country Disclaimer:... 21

5 Release News November 16, Global Updates The following updates will be available to all Treasury and Trade Solutions clients who have entitlements to the services listed below. CitiDirect BE Session Timeout Once your CitiDirect BE session times out, you will no longer be required to close your CitiDirect Services window anymore. After re-logging into the CitiDirect BE Portal, your CitiDirect Services session will automatically be re-activated such that you will be able to resume your work from where you left off. Menu Changes - Under My Transactions and Services in CitiDirect BE, Citi File Exchange has been renamed to CitiConnect and USD Clearing Payment Flow Manager is renamed to Payment Flow Manager - Global Clearing. CitiDirect BE SM Mobile New Look and Feel We are excited to inform that CitiDirect BE Mobile has refreshed its look and feel. Please login to check out this improved design. Trade Authorization The trade authorization mobile functionality has been expanded to the following trade products: Response to Bill Discrepancy Direct Collections Export Documentary Collections Response to Import Collection Notification

6 Release News November 16, CitiDirect BE SM Tablet You can now also login to the CitiDirect BE SM platform using your ipad device. CitiDirect BE Tablet, a tablet-specific application provides visibility into important transactional information supporting decision-making and business management for senior treasury executives. CitiDirect BE Tablet provides flexibility and control to access critical information in just a few taps. CitiDirect BE Tablet is currently available for ipad devices and can be downloaded from the App Store. Many senior treasury executives require staff to collect data manually, and report back, a cumbersome and time-intensive exercise. However, using CitiDirect BE Tablet, clients have finger-tip access to mission-critical financial information allowing them to easily monitor and stay abreast of business developments while eliminating the time and manpower traditionally required for these tasks. CFOs preparing for management meetings can use CitiDirect BE Tablet right from the boardroom to quickly check their company s global cash position and see that a series of payments have just been made worldwide. With a few taps, they can drill down on to a map or a graph to see the resulting balances and then subsequently confirm the execution of the company s strategy simultaneously. This new service brings core functionality available on CitiDirect BE directly to clients tablet devices. It provides a compelling user experience with visibility into information needed to make important decisions globally. With CitiDirect BE Tablet, clients can: Use features and discovery tools to customize data views to support strategic decision-making Translate data into global business intelligence with just a few taps. View data globally, by region or country; and filter by currency, amount and country in chart or map views. Authorize, release and repair single and batch payments anytime and everywhere

7 Release News November 16, WorldLink Payment Services Amendments Customers who do not have a Citi debit account or didn t use a Citi account to fund the payment will be able to initiate a request to amend a WorldLink cross border funds transfer. The amendment case will be created against requestor s WorldLink ID instead of a debit account number.

8 Release News November 16, Updates by Region The updates to CitiDirect BE by region are listed below. These updates will be available to clients who have entitlements to the services listed in the respective regional service offerings. Asia Asia By Region CitiConnect for Files Direct Debits Mapping Maps updated to map Paymentdetails2 to PaymentDetails9 (8 lines) to Payment Reference-2 and3 fields instead of the current mapping of Paymentdetails2 to Payment details17 Citi Straight Through Reconciliation Local Language For China, Taiwan and Thailand we will support local language characters for the Invoicer and Invoicee (Name, Country Code, and Address Lines 1 to 3), and Unstructured Addenda Information fields. These fields are available for Straight Through Reconciliation. Asia By Country CitiConnect for Files Philippines The Philippines WHT sub form for RCH payments is now supported by the IDOC, Paymul GEN and CP2E formats. File Import Hong Kong The default value for the field Transaction Type has been changed to 20 Sundry Credit for Payment types PayLink AUTOPAY HKD and PayLink AUTOPAY RMB for HongKong ACH Giro Europe, Middle East and Africa EMEA By Region Payments SEPA Direct Debits COR1 With a number of existing local direct debit schemes having shorter cycle times than that of the standard Core SDD scheme, the industry has introduced an Additional Optional Service for SDD processing with a D-1 cycle time. As of November 25, 2013, Citi will become a registered participant in the COR1 scheme capable of supporting COR1 processing as creditor and debtor bank in the following markets: Germany Austria Spain For further details on how to utilize this functionality, please engage your Citi representative.

9 Release News November 16, EMEA By Country File Export Russia The Payment Order Date will be in the Related Dates tags for the following Export formats: ISO XML camt and camt Payments Sweden Bank branch codes have been added for payments made in Sweden. With the addition of these codes, clients will be able to send the payments to new Clearing participants. The Bank Codes added are: Account number type 1 o Landshypotek AB xxxxxxC 2 o Riksgälden xxxxxxC 2 Account number type 2 o Riksgälden xxxxxxxxxC 1 This change is also supported in file imports in below import format CDFF NUMBER SIGN UK If a transaction initiated from CitiDirect is subject to redirection and also rejected by the Beneficiary Bank, both the redirection message and rejection message will be displayed in sub status

10 Release News November 16, Latin America Latin America By Region Payments LATIS The LATIS application can now send payment instrument to CitiDirect BE and CitiDirect BE will process the payments as business as usual. LATIS application will use existing File maps. Prepaid Card A new sub form, Prepaid Card Beneficiary Name Details, has been added to avoid errors while creating Prepaid Cards. Also, the Prepaid Card Configuration Details sub form has been added to capture more details about the Prepaid Card beneficiary. A New field, Promo ID, was added so that the customer can now recharge an existing prepaid card.

11 Release News November 16, Reports Available Balance The Available Balance will now update mid-day to reflect transactions that cleared post the previous days end of day balance Latin America By Country File Imports Colombia File imports has been enhanced to support the new subform "TAX Retention Subform" for Colombia across below payment instruments and import formats. Payment instruments: o Book Transfer o Cheque o Domestic Funds payments Import formats: o Paylink LATAM 400 PAY o Paylink LATAM 600 PAY Payments Argentina The final status of the transaction initiated from ECS will be sent to ECS once in day. Chile The Cash payment type for the Cheque payment method is now available in Chile File imports has been enhanced to support the Cash payment type through the below import format. Paylink 1024

12 Release News November 16, North America North America By Country Payments United States CitiDirect BE will now support a new payment status called Returned for all transactions returned by Clearing/Beneficiary bank with the relevant sub-status and sub-status description. This change is available for the Book Transfer, Foreign Currency Funds Transfer and Funds Transfer payment methods

13 Release News November 16, Legal and Regulatory Updates CitiDirect BE remains current with the latest Legal and Regulatory requirements worldwide. The changes listed below are to be implemented in response to new regulations. Asia By Country Bangladesh - A new payment method 'TAX Payment' has been introduced which supports the following Payment Types: Day 0 E-TAX Day 1 E-TAX A new system configuration has been introduced to manage the beneficiary details and a new library has been introduced to manage the Tax Payments Identification details. Existing Cash Transaction Initiation (TI) reports have been enhanced to support this new payment method File imports has been enhanced to support the new payment instrument E-Tax' with payment types such as Day 0 E-Tax' and 'Day 1 E-Tax. Import format(s) supported is as below.

14 Release News November 16, GDFF IN These payment types will be available via CitiConnect for Files as well India - A new amount field 'Fee for section 234E' has been made available for Direct Tax payment method. This field will be visible only when the Challan number field value is 281. This change is also supported in file imports in these import formats DFF IN GDFF SI 2013 v1 It will be available for payments made via CitiConnect for Files as well. The following reports have been modified to reflect the new field: Transaction Initiation Payment Details Report Payments Transaction Audit Report The Purpose Code and Descriptions fields have been made available for below India payment methods: Paybest, where the fields will be mandatory for all transactions Domestic Funds Transfer and Intra-Group Funds Transfer, where the fields will be visible and be mandatory only if the Product Code field value is RTGS

15 Release News November 16, This change is also supported in file imports through the import formats as below for India Paybest, RTGS DFT and RTGS IGT payments. GDFF IN PAYBEST FORMAT GDFF SI 2013 CUSTOMER CHEQUE These fields are also available for payments made via CitiConnect for Files. The following reports will now include these new fields: Transaction Initiation Payment Details Report Payments Transaction Audit Report Preformat Library Detail Report Taiwan - Upon successful login all CitiDirect BE Taiwan client users will get to see a declaration message. Only after clicking Yes will the user be directed to the CitiDirect BE application. The user will be logged out of the system after selecting No.

16 Release News November 16, The action will be logged and will be made available in the Audit Report. Europe, Middle East and Africa By Country Bulgaria For Bulgarian payments the following changes have been made: The Salary Payment field has been removed from the domestic funds transfer, cross border funds transfer and SEPA payment methods. It has also been removed from these reports: o Transaction Initiation Payment Details Report o Payment Audit Report o Preformat Detail Report The Payment Details field is now mandatory for cross border funds transfer and SEPA payments

17 Release News November 16, Above changes are supported in file imports in the following import format CDFF NUMBER SIGN This will affect all formats for CitiConnect for Files and the MT101, IFX XML, NCB formats for CitiConnect for SWIFT. Hungary - As per National Bank of Hungary and GIRO regulation, for Group Collection Payments, the maximum date difference between the Settlement date and Due Date is changed from 10 calendar days to 8 business days. The Due Date validation will be applied to whether the date is less than or equal to 9 business days (GIRO validation works with settlement day + 8 business days). This change will affect transactions made via Manual input, From Preformat and for File import Above validation change is also supported in the following file imports formats CDFF NUMBER SIGN HUNGARY GC v2 Kazakhstan - For Cross Border Funds Transfer and CPI transactions, the application will now show the reject status messages. Along with these rejection statuses, the reason for rejection will be available under Other Options - View Error Message in both Summary and Details Screen. There will be 2 types of error messages: Predefined Error Message & Custom Error Message

18 Release News November 16, The following reports will be updated to show these statuses Impacted Reports: Transaction Initiation Summary Report Transaction Initiation Detail Report Transaction Initiation Payment Details Report Transaction Initiation Summary Report by Subsidiary Identifier Transaction Initiation Detail Report by Subsidiary Identifier File Import Transaction Initiation Summary Report Payments Transaction Audit Report Reject/Return Transaction Detail Report - This report will not be delivered via AFRD if there is no data available These Reject statuses will also be available via File Export Romania The 'Payment Evidence Number' field has been newly added for the Domestic Funds Transfer Tax payment method. The field is a drop down with possible values as 'Yes' and 'No'.

19 Release News November 16, This will affect all formats for CitiConnect for Files and the MT101 format for CitiConnect for SWIFT File Import has been enhanced to support the new attribute Payment Evidence Number in Domestic Funds Transfer Tax instrument. Below are the import formats that support this: ROMT100SWIFT - RO MT100 Swift CDFF NUMBER SIGN Turkey - For the Domestic Funds Transfer Payment Method, Bank to Bank Payment has been removed from the type of payment field This will affect all formats for CitiConnect for Files and the MT101, IFX XML, NCB formats for CitiConnect for SWIFT Latin America By Country Brazil Since the contract between HSBC and Citi expired, static message in Print deposit slip modified with the new correspondent bank

20 Release News November 16, The Payer Tax Type and Payer Tax ID fields in the existing import format as mentioned below are changed to Optional for Brazil Title payments. FEBRABAN

21 Release News November 16, Disclaimer: The authoritative and official text of this CitiDirect BE SM and CitiDirect Online Banking documentation shall be in the English language as used in the United States of America. Any translation of any C this CitiDirect BE SM and CitiDirect Online Banking documentation from English to another language is done solely for the convenience of the reader, and any inconsistencies, or inaccuracies between the English text and that translation shall be resolved in favor of the English text. These materials are proprietary and confidential to Citibank, N.A., and are intended for the exclusive use of this CitiDirect BE SM and CitiDirect Online Banking customers. The foregoing statement shall appear on all copies of these materials made by you in whatever form and by whatever means, electronic or mechanical, including photocopying or in any information storage system. In addition, no copy of these materials shall be disclosed to third parties without express written authorization of Citibank, N.A. Customer shall be solely responsible for the use of any User identifications, passwords and authentication codes that may be provided to it, from time to time, in connection with this CitiDirect BE SM and CitiDirect Online Banking (collectively, User IDs ). Customer agrees to keep all User IDs strictly confidential at all times. Customer shall immediately cease use of this CitiDirect BE SM and CitiDirect Online Banking if it receives notification from Citibank, or otherwise becomes aware of, or suspects, a technical failure or security breach. Customer shall immediately notify Citibank if it becomes aware of, or suspects, a technical failure or security breach. November 2013 Citi Transaction Services transactionservices.citi.com 2013 Citibank, N.A. All rights reserved. Citibank, CitiDirect, CitiDirect BE Mobile, Citigroup, WorldLink, and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. WorldLink Payment Services is owned and operated by Citibank Ireland Financial Services plc, a Dublin-based subsidiary of Citigroup Inc. SWIFT is a trademark of S.W.I.F.T. SCRL. All other brands, products, and service names mentioned are trademarks or registered trademarks of their respective owners GTS /12