What's New in Lucanet Banking and Cash Management

Apart from bug fixes and usability enhancements, the release contains the following new features:

Lucanet Banking & Cash Management extends its global reach through integration with the Fides Payment Network. You can now send payments to over 13,000 banks worldwide – far beyond traditional EBICS and SWIFT connections.

What's New?

The Fides integration now enables direct payment submission in addition to retrieving account statements. Bank feedback is processed fully automatically: The system retrieves status messages (ACK/NACK) in the background, decrypts them if necessary, and assigns them to the corresponding payments.

Lucanet Banking & Cash Management expands its capabilities with an Open Banking integration via Salt Edge. You can now automatically connect your bank accounts worldwide and gain real-time access to account balances and transactions – without manual data entry or EBICS setup.

What's New?

The solution enables a quick connection to over 5,000 banks in more than 50 countries worldwide within just 2 minutes, without requiring an IT department or complex technical setup. Users gain real-time access to current account balances and transactions through simple authentication via their existing online banking.

With the new Salt Edge integration (a leading Open Banking provider), you can easily select your bank, log in as usual, and retrieve your account information directly.

Lucanet Banking & Cash Management now supports Verification of Payee (VoP) for EBICS communication – the EU regulation for verifying payment recipients in SEPA transfers, which becomes mandatory on October 9, 2025. VoP checks whether the IBAN and recipient name match before each payment, helping to detect transfer errors and fraud attempts early. The bank performs the verification, while Banking & Cash Management seamlessly integrates the check into the payment workflow.

This release also introduces automated processes and new editing capabilities that reduce manual effort and accelerate the processing of payment files.

1) Automatic Recipient Verification for SEPA Credit Transfer Payments

What's New?

• For SEPA credit transfer payments, a VoP check is performed automatically. The bank verifies the IBAN and recipient name and provides you with the verification result before payment approval, allowing you to make an informed decision about whether to proceed with the payment.
• This release introduces new EBICS order types and establishes the technical foundation for VoP.
• For single payments, after entering the IBAN, name, and amount, a VoP check is automatically performed (approx. 3–5 seconds), and the result is displayed before you decide whether to submit the payment with the VoP status.
• For VoP bulk transfers, you can choose flexibly between:
  • VoP activation (Opt-in): Individual verification via CTV/CIV for higher security with slightly longer processing times
  • VoP deactivation (Opt-out): No individual verification via classic CCT/CIP order types for faster processing

        When VoP is activated, each payment is verified individually. An overview of all results is then provided, allowing you to adjust problematic payments with full documentation before submission.

2) VoP-Workflow: Automation and Efficiency Improvements in Payment Processing

What's New?

Previously, for VoP verification results without a 100% match (No Match or Close Match), you had to manually decide whether to cancel the payment.

From now on: The system can automatically cancel payments when there is no full match.

Additionally, the following features are available for automation and efficiency improvements:

• API extensions: The API now fully supports Verification of Payee (VoP). New methods enable signing of VoP Opt-In and Opt-Out jobs as well as retrieving verification results in HTML and PDF format.

• Automatic signatures: The existing signature method has been extended so that VoP Opt-out jobs, including liability acceptance, can be signed directly via the API – without going through the portal. For 100% matches, an automatic signature can be applied; for No Match or Close Match, automatic cancellation is possible.
• Extended e-mail notifications: The extension enables automatic forwarding of VoP verification results by e-mail to defined recipients – either as an attachment or directly in the e-mail body, in standard or detailed format.

Note: A VoP Opt-in job is a bulk payment order where the ordering party has deliberately activated the additional recipient verification for all included payments. This provides higher security.