SunTec Achieves TWIST BSB Compliance
SunTec Business Solutions has announced that its flagship product for the financial services vertical – TBMS-F – is compliant with TWIST’s (Transaction Workflow Innovation Standards) Bank Services Billing Standard (BSB).
TWIST BSB was created at behest of a group of over 80 corporations. It provides a consistent means for banks to periodically advise wholesale clients of their service usage and the charges accrued, and thus enhance process efficiency and optimise controllership. It can be used to communicate the type, quantity, price and other information on the bank services used, in detail and in standard format, through invoices presented to wholesale users.