HSBC

• 16/07/2024
• 5 minutes to read

With Payment Management, you can use manual and direct communication to send bank data between HSBC and Microsoft Dynamics 365 Business Central. To establish direct communication between your bank and Microsoft Dynamics 365 Business Central, you need to have an agreement in place with HSBC.

This article lists the file format requirements for all communication methods.

To learn more about how to set up communication:

• Manual communication HSBC- refer to the general To set up bank accounts to use manual communication article.
• Direct communication HSBC - refer to the Onboarding HSBC with Direct Communication article.
• Direct communication HSBC through Yapily - refer to the Onboarding Yapily with direct communication article.

To connect with HSBC manually

When initiating manual communication with HSBC, the following features are supported:

Refer to the general To set up bank accounts to use manual communication article, for more information on how to set up the manual connection.

To connect with HSBC directly

HSBC customers can automate bank file transfers with Microsoft Dynamics 365 Business Central via the Payment Management Direct Communication service. Refer to the Onboarding HSBC with Direct Communication article, to learn more about setting up direct communication including setting up bank accounts and exchanging public keys.

Refer to the Onboarding HSBC with Direct Communication article, to learn more about setting up direct communication.

To connect with Yapily Connect

For direct communication between your bank and Microsoft Dynamics 365 Business Central, you can use Yapily Connect. Yapily is an Open Banking payment service provider.

Before you can establish direct communication with your bank through Yapily, it is necessary to grant Yapily the required permissions. For more information about granting permissions, please contact your bank or refer to the Preparing for Direct Communication Through Yapily article.

Supported functionality

Depending on the bank, Yapily supports the following payment types:

• Faster Payment Single - a file containing a single payment, requiring approval per file.
• Faster Payment Bulk - A file containing multiple payments, requiring one approval for the entire file.
• International Single - A file containing a single international payment, requiring approval per file.

In some cases, other payment types are available. Unfortunately, at the moment, we don't have a comprehensive overview of their availability. To determine your bank supports whether these payment methods, it is necessary to conduct a direct test with your bank. The additional payment types:

• International Bulk - A file containing multiple international payments, requiring one approval for the entire file.
• SEPA Credit Transfer - A file containing one or multiple payments in euros within the SEPA region, requiring approval as specified by the bank.

We will update our documentation as soon as we have a complete overview of this information.

Refer to the following table to see which features are supported for direct communication using Yapily.

Refer to the Onboarding Yapily with direct communication article, for more information how to set it up.

See also

About direct and manual bank communication

Onboarding Yapily to use Direct Communication