"Data Medium Exchange Procedure" (DTA or also known as DTAUS in Germany) is a method in electronic payment transactions that enables the electronic exchange of payment data between companies and banks. It is typically used for batch processing of a large number of transactions.
Here are some typical features of software in the Data Medium Exchange Procedure domain:
Data Preparation: The software prepares payment data, such as transfers or direct debits, in a specific format for the data medium exchange.
DTA File Creation: Generation of DTA files containing formatted payment data for submission to the bank.
Security Measures: Implementation of security mechanisms, such as encryption, to ensure the integrity and confidentiality of payment data.
Transfer and Direct Debit Management: Functions for managing transfers and direct debits, including the capture and processing of payment information.
Account Management: Ability to manage bank account information to ensure proper allocation of payments.
Status Monitoring: The software allows monitoring the status of transmitted payments and provides information on successful or failed transactions.
Feedback and Logging: Generation of feedback from the bank and logging of transaction details for accounting purposes.