If you want to execute multiple payments at once by sending a file with payment orders, iBanFirst offers two methods, both using the XML file format.
Additional formats and channels are coming soon.
XML file transfer via SFTP
SFTP (Secure File Transfer Protocol) is a secure channel used to send and receive payment XML files between your system and iBanFirst. An SFTP client is a software application or automated connection that allows you to connect to iBanFirst's server and transfer payment files. All data is encrypted to protect sensitive financial information.
The XML file must follow the ISO 20022 (pain.001.001.03) standard.
SFTP protocol used for XML file upload
Integrated method
If your accounting or treasury software supports the SFTP protocol and can automatically send XML files (e.g. Kyriba, Pennylane, or other compatible solutions), you can establish a direct connection with iBanFirst using your dedicated SFTP credentials. No additional tools are required — payments are initiated directly from your system.
External method via an SFTP client
If your software does not include SFTP functionality, you can use the same SFTP credentials using an external SFTP client such as FileZilla or WinSCP. This allows you to securely upload your XML files manually.
Which method should I use?
| Integrated method | External method |
How it works | Your software connects directly to iBanFirst via SFTP | You manually upload files using an SFTP client |
Best for | Teams using compatible treasury or accounting software | Teams whose software does not support SFTP |
Examples | Kyriba, Pennylane, and other compatible solutions | FileZilla, WinSCP |
Setup required | SFTP credentials configured in your software | SFTP credentials configured in your external SFTP client |
Requirements
Beneficiaries must be pre-registered on the iBanFirst platform before uploading your XML payment file. New beneficiaries cannot be created via XML upload. Please ensure all beneficiaries are set up in advance to avoid any delays.
No currency change is possible during the XML upload via SFTP channel. The currency must be the same as in your iBanFirst accounts.
All payments need to be signed on iBanFirst platform for the security reasons.
How to upload XML file using external method (SFTP client) ?
Request your SFTP credentials (hostname, username, and password) from our CSM team.
Connect to the iBanFirst SFTP server using your SFTP client.
Upload your XML file using your SFTP client.
Sign the uploaded payments on the iBanFirst platform. You can sign all payments at once to save time.
Need help?
If you have any questions, our CSM team is available to assist you.