Bank of America CashPro Real-Time Connector

Description

This connector uses APIs for data exchange between Kyriba and Bank of America CashPro to enable:

• Instant (RTP®), book transfer and international payments
• Domestic low value (ACH), high value (FedWire) and check
• Bank balance, intraday transactions and prior day statement

The connector works in parallel with the existing bank connectivity, expanding existing processes. API-based bank connectivity enables more frequent data retrieval and real-time statuses. This enables real-time decision-making. 

Once enabled, real-time payments can be accessed along with other payment methods in the existing modules. And real-time reporting will be reflected on the existing worksheets. 

APIs follow an instant request and response communication model, done with a point-to-point secure communication and no files involved. 

Additional resources about these capabilities:

• Kyriba's eBook on instant payment initiatives here
• API connectivity for payments here