Forex Payment Transfer

Electronic settlement
What to bear in mind for electronic settlement:
For remote data transmission with Cotransfer, the only thing you need besides a PC with a modem or an ISDN card is software for the exchange or transmission of payment transaction files. Basically any software can be used that meets the uniform standards of the German credit services sector. Commerzbank recommends COTEL, because thanks to the electronic signature, this Commerzbank software also offers the best possible security on the basis of the latest recognised data protection standards of electronic payment transactions. In addition, with COTEL, you can transfer not just data, but also domestic and foreign payments in the formats of the German credit services sector.
Accessing the Corporate Banking portal without software
COTRANSFER is even easier to use via the Corporate Banking portal, which has everything you need for payment transactions. You no longer have to think about using the appropriate software, as the only thing you need to access Commerzbank’s electronic payment transactions is a PC with Internet access and an updated browser. Payment orders with both applications companydirect and PAYMENT can be immediately processed. It is also no problem to connect a data service centre you have entrusted with settling your payment transactions.