Virtual IBAN Management System

The Virtual IBAN Management System enables corporate to manage Virtual IBANs (VIBANs) for digital payments, collections, and account management. The system provides functionalities such as creating and updating VIBANs, making payments, retrieving statements, and monitoring status. Additionally, the system supports push notifications for payment events and payment inquiries for transparency and tracking.

The solution streamlines digital banking by offering flexibility, automation, and real-time updates, reducing manual intervention.

To use the VIBAN Management System, you need to do the following:

• Collection Account: used for consolidating funds.
• Register/Login to the anb Developer Portal.
• Create an app.
• You should now have a client id and secret associated with your app.
• Get an access token from our auth service using your client id and secret.

VIBAN Create

• Description: Creates a new VIBAN linked to a client’s profile.
• Use Case: A corporate wants to assign unique VIBANs to multiple customers for easy reconciliation of collections.
• Benefit: Simplifies tracking of incoming funds, reduces reconciliation errors.

Update VIBAN

• Description: Updates personal information or details linked to an existing VIBAN.
• Use Case: A client changes contact info or business details that must reflect in their VIBAN profile.
• Benefit: Keeps VIBAN information accurate and up-to-date.

VIBAN Inquiry

• Description: Retrieves VIBAN details including user info, balance, and status (Active/Inactive).
• Use Case: A client wants to check the current balance or confirm if a VIBAN is still active.
• Benefit: Provides transparency and real-time information.

VIBAN Payment

• Description: Enables payments from a remitter VIBAN.
• Scenarios:
  1. VIBAN → ANB: Transfer to ANB account.
  2. VIBAN → LOCAL: Transfer to a local bank.
  3. VIBAN → VIBAN: Wallet-to-wallet transfers within the system.
• Benefit: Flexible payment options covering internal, local, and peer-to-peer transfers.

VIBAN Payment Inquiry

• Description: Inquiry service to track and confirm payment status.
• Use Case: A client wants confirmation whether a VIBAN payment was processed successfully.
• Benefit: Reduces uncertainty, improves trust, supports reconciliation.

VIBAN Statement

• Description: Generates a transaction statement for a VIBAN.
• Use Case: A corporate requires monthly transaction reports for accounting.
• Benefit: Provides clear audit trail and financial reporting.

VIBAN Status Update

• Description: Allows changing a VIBAN status to Active or Inactive.
• Use Case: A business wants to temporarily suspend a VIBAN assigned to an inactive customer.
• Benefit: Provides control and security over VIBAN usage.

Push Notifications

• Description: Sends real-time alerts to clients for payment and system events.
• Use Case: A client receives an instant notification when a payment is credited.
• Benefit: Improves transparency, customer experience, and reduces manual checks.