OBS-ZAV encompasses national and international payments. All payments (manually recorded and automatically generated payments) are managed using the ergonomically designed screens. Current, open, executed and historical payments can be viewed online. Reports for documentation and controlling are available.

Payment orders received via SWIFT or national clearing systems are automatically read into OBS and processed based on the instructions. The fully automated STP process is only interrupted if the instructions are not complete, in which case the payment order is made available for manual completion.

Processing for all payment types has, where it makes sense, been completely automated. This is especially the case for incoming and outgoing payments via SWIFT and national clearing systems as well as for the sending of the advices.

OBS-ZAV caters for the following national funcitonality:

• EMZ/DTA Germany
• SIC/EuroSic Switzerland
• TARGET2, SEPA direct debit and payments in Europe
• BACS in Great Britain

OBS-ZAV also offers all required teller functionality including cheque management (creation of bank cheques, management of client cheque books, blocked cheques, etc) and also standing orders (debit as well as credit).

In conjunction with the Credit & Loans-module OBS-KRE a comfortable account disposition is possible.

OBS interfaces to various AML-systems e.g. SIRON and KDPrevent.