OP updates its code words for international C2B payments into codes that have become established on the market
OP has adopted the terms and expressions that have become established on the market in C2B payment instructions for international payments.
Typically, the purpose of the code is to communicate to the payer's bank a request to forward the payment to the payee's bank.
For years, OP has used terms expressing the urgency of payment, but the terms have differed from those used by other banks. For example, OP has used the code HIGH for an urgent payment instruction D+1.
OP hereby requests that software houses update the new set of codes for OP payments. However, if old codes are still used, payments will be successfully completed during a period of transition that will continue until further notice.
The new codes are as follows:
| Code | What are the words behind the code? | What does the code mean? | In what field is the code located? | What is the indicated time for crediting the payee’s bank? |
|---|---|---|---|---|
| NURG | Non-urgent Payment. Payment must be executed as a non-urgent transaction, which is typically identified as an ACH or low value transaction. | Normal payment instruction | ++SvcLvl+++Cd | D+2 |
| URGP | Urgent Payment, This transaction contains a time-sensitive payment which should be executed in an expeditious manner | Urgent payment instruction | ++SvcLvl+++Cd | D+1 |
| SDVA | Same Day Value, Payment must be executed with same day value to the beneficiary. | Zero value date payment | ++SvcLvl+++Cd | D |
| INTC | Intra-Company Payment, A payment between two companies belonging to the same group | Fund transfer within the Group | ++CtgyPurp+++CD | D |
| CORT | Corporate Trade, Payment is made in settlement of a trade, for example, foreign exchange deal, securities transaction | Documentary payment | ++CtgyPurp+++CD | D |
| SUPP | Supplier payment | C2B payment | ++CtgyPurp+++CD | N/A |
| PHOB | Phone Beneficiary Please advise/contact beneficiary/claimant by phone | Creditor collects from the bank Paid once the creditor is identified | ++InstrForCdtrAgt+++Cd | N/A |
| CHQB | CHQB =Cheque, Pay beneficiary customer by cheque only. | Payment to creditor by cheque | ++InstrForCdtrAgt+++Cd | N/A |
You can also find the existing codes, which continue to be in force, in the Customer Guidelines.
OP renewed its certificates
OP will renewed the bank test certificates used by the Web Services channel in spring 2022 and bank production certificates on 25 August 2022.
The certificates of certification sub-authorities serving the WS channel (OP-Pohjola WS CA & OP-Pohjola Services CA) will expire on 12 September 2024. In practice, the certification authority certificates had to be renewed no later than on 25 August 2022 in order for the certification authorities to be able to issue two-year customer certificates. The root certificate authority did not change in this renewal.
Company’s online banking security
OP’s Web Services has stopped supporting old versions of the TLS cryptographic protocol in May 2021. You have not been able to transmit your company’s data to banks using the old TLS versions 1.0 and 1.1 after 20 May 2021.
Limiting support to the latest versions is designed to increase the level of data security. The Finnish Transport and Communications Agency’s regulation on electronic identification and trust services recommends primarily using TLS version 1.2 or later to encrypt and decrypt data transmissions.
What is Transport Layer Security (TLS)?
TLS is a data security protocol that ensures the protection and integrity of data between two communicating applications. It is widely used in web browsers and other applications requiring secure transfer of data over a computer network.
Supported cipher suites
Several old cipher suites is not supported.
OP supports the following cipher suites:
TLS_ECDHE_RSA_WITH_AES_256_GCM_SHA384
TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256
TLS_ECDHE_RSA_WITH_AES_256_CBC_SHA384
TLS_ECDHE_RSA_WITH_AES_128_CBC_SHA256
What is a cipher suite?
TLS uses so-called cipher suites to encrypt and decrypt transmitted data. A cipher suite is a set of algorithms that help to secure network connections that rely on TLS.