Connect & Pay

Why integrate Connect & Pay?

Connect & Pay allows clients to accelerate and automate the reconciliation and payment processes, to optimize their working capital, to eliminate human errors and to mitigate the risk of internal payment fraud.

The Connect & Pay API (Application Programming Interface) gives users the chance to proceed instant payments towards their clients using their own software system. Additionally, the tool accelerates the delivery process by reconciling the incoming payments on the KBC-accounts directly with the internal production and delivery processes. The direct impact on optimizing the working capital may also be one of the reasons for using Connect & Pay. Based on the real-time account information, the follow-up on outstanding balances can be done in a much more efficient way. By enabling the client to have a real-time view on the incoming and outgoing payments and the balances in the KBC accounts, treasury management can be made future proof.

Users of Connect & Pay do not need a licence under PSD2.
For further information, visit our product page or contact your relationship manager.

Who can benefit from this?

Companies that:

are active in Belgium & the WE branches (excl. UK)
send many SCT payments
focus on innovation and automation
have sufficient in-house ICT knowledge
want to pay their counterparties faster
are interested in real-time treasury
have a business case for initiating instant payments and want to send those payments to KBC in an automated way.
have internally efficient business processes and controls on outgoing payments.

How does it work?

Connect & Pay allows KBC/CBC customers to automatically generate instant payments in their own software environment.

Through the KBC/CBC account information API the KBC/CBC client will receive a real-time overview of the balances, incoming and outgoing transactions or EOD account statements (CAMT) in his ERP, accounting package, TMS,... This for all your KBC/CBC accounts, within the requested time window.

Connect & Pay - payments API

Less details

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Business clients can initiate a single instant payment on their own account (as account holder) without a manual intervention of a natural person (f.e. for signing the transaction).
his payment will be processed as-fast-as-possible: instant by default or a normal sepa
credit transfer (SCT) if an instant payment is not possible.
The business client receive feedback on how this payment has been processed (instant or SCT).

Details of the integration

Connect & Pay - Reporting - API

Less details

The business client will be able to call this API and per call the business client will be able to initiate one of the 3 following requests:
- Real-time balance (1);
- Booked transactions in a sepcified timeframe (2);
- End of day information (3)
Based on a call the business clients can automatically import real-time account information from the KBC backend into their own application, ERP, TMS, accounting package,…
KBC sends a response with the requested information directly.

Details of the integration

Pricing

Competitive pricing including a one-time set-up fee and a fee based on the volume of transactions.

Type of contract

Contract needs to be signed before entering in a business relationship.

Partnership requirements

This API will be available for own accounts of business clients within a business client-KBC bank/CBC
relationship.