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What are payment initiation services?
In the context of your DATEV connection, payment initiation services allow DATEV to send payment instruction files to Holvi. We then read the files and carry out their instructions.
Specifically, a payment instruction file is an electronic file issued by DATEV and given to Holvi, instructing that a payment be made in accordance with the requirements of the payment instructions – including source, destination and transaction details.
For example:
Source
Your IBAN: DE89 XXX XXXX XXXX XXXX XX
Holvi’s BIC: HOLVDEB1XXX
Destination
Recipient’s IBAN: DE89 XXX XXXX XXXX XXXX XX
Recipient bank’s BIC: COBADEFFXXX
Transaction details
Amount: €100.00
Reference: XXXXXXXXX
How can I use payment initiation services to simplify accounting?
When payment initiation services are enabled, we set up a secure, standardised and failsafe channel that allows DATEV to send payment instructions to Holvi on your behalf.
This means you or your accountant can create and send payments directly from DATEV, facilitating things like invoice payments, prepayment taxes, salary payments and more.
Please note: You don’t have to print out a confirmation/Teilnahmevereinbarung! We offer electronic approval via the steps you follow through in your Holvi account.
Payments sent from DATEV to Holvi are automatically executed in your account and there is no need for a manual verification.
This helps to simplify your payment processes. Some benefits include increased efficiency, reduced costs and stress – by automating routine payment instructions, you minimise manual effort and the chance of human error.
How do I set up payment initiation services?
Log in at Holvi.com and go to Connections > DATEV to manage your connection. You’ll see a section called Payment initiation services where you can enable payment initiation services for your connected Holvi accounts.
