CIBC

Light pays out of your CIBC accounts and reads the statements back. Payment files leave Light in the format CIBC expects and the statement returns to the same ledger line, so nobody is uploading a payment file by hand or ticking off a bank statement at month end.

4 maintained formats sit behind this one entry — one per country, channel and message type CIBC supports — and they are updated as the bank changes them, so a format change is never your project.

1. 01Pay suppliers, staff and tax from CIBC in Canada, United States.
2. 02Domestic account to account, Domestic account to account high value, Domestic positive pay and 1 more — 4 payment types in all.
3. 03Connects over Encrypted file exchange (PGP), File exchange.
4. 04Every payment carries its ledger reference, so the statement reconciles itself.