South Africa's First National Bank (FNB) Corporate has introduced Bankit, a new online banking service designed for corporate and medium-sized business customers.
FNB says the service is one of the first in South Africa to use digital certificates and digital signatures to authorise transactions.
The Web banking system provides companies with the full range of functions used by corporate financial departments. The application also integrates seamlessly with the South African Revenue Service's recently introduced online filing system for submitting tax returns and making tax payments. Users can also access a 60 day transaction history, while a data storage facility allows the capture of up to 150 days of historical data.
Clients can also use the system to create and modify user profiles to control access to account details and financial data. All users connect to the bank using the Secure Sockets Layer (SSL) protocol at 128-bit encryption.