NSW Bank Gateway System
Service features of the NSW Bank Gateway System
NSW Bank Gateway is a gateway that connects banks with e-customs and other government agencies via the National Single Window (NSW) system to support the data of e-Payment and e-Guarantee in the case of On-Us, Interbank, and trade finance. During the initial phase, the provision will include e-Payment service (On-us), e-Payment Guarantee, and e-Payment (Interbank). The trade finance service will be available in the following time frame. The service of the NSW Bank Gateway system is the development of the Gateway system to connect with the infrastructure system that the member banks have connected to the company using the existing money transfer structure, which are the Bulk Payment and the Single Payment system, including the Online Retail Funds Transfer (ORFT) as in the case where the interbank payment has been done.
The User who are qualified to use the company’s NSW Bank Gateway system must meet the following requirements:
Qualifications of the User
1) Must be either a commercial bank licensed to conduct commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) or a bank established under specific legislation.
2) Must be a business provider of the designated payment services under the Payment Systems Act B.E. 2560. (2017).
Revocation of Membership
1) The bank's license to operate commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) has been revoked, or the bank has been disqualified as a bank established under specific legislation.
2) The business provider's license to operate a designated payment service under the Payment Systems Act B.E. 2560. (2017) has been revoked.
of Service
Benefits
1. Low switching fees
2. The member bank can use its existing infrastructures that have been connected with the company.
3. By utilizing NSW, the member bank will be able to support the current increasing volume of payment transactions as a result of all government agencies implementing payment services. The member bank can use the payment channel or transfer funds through an existing electronic channel, such as Bulk Payment or Single Payment.
4. Member banks will be able to support the B2B provisions through NSW; For example, the entrepreneur can make payments via NSW for shipping fee, insurance fee.
5. Member banks can connect to the Customs Department and other government agencies much faster and easier.
6. The work system is dependable, stable, and highly secure, as is a National Payment Gateway.
7.Support the connection with future cross-broader NSW.
The company is aware of the highest security for information transmitted via the electronic media of the NSW Bank Gateway system. We ensure the highest security by prioritizing the use of the most advanced security technology, including data encryption throughout the connection. Additionally, we incorporate private network devices between the company and member banks that control the connection devices using the Security Key system.
Additionally, we incorporate private network devices between the company and member banks that control the connection devices using the Security Key system. The company focuses on providing the most advanced security for the advancement of the national transfer/payment system to meet international standards. Furthermore, to protect users from any form of interception while ensuring the integrity of information transmitted through the system.
Security
