Improve your account holders’ experience and help them timely and accurately process and post payment-related details with Alkami’s EDI Banking Translation solution.

As their trusted financial institution (FI), you can provide real-time alerts when transactions containing EDI addenda are received and provide automatic translation of the data in multiple human and machine readable export options.

EDI is the computer-to-computer exchange of business payment information in a standard electronic format between business partners.

While there are many benefits to this electronic communication, there are also challenges.

The payment details in these transactions can be complex and difficult for the receiver to interpret and act upon. In many cases, the business is left on its own to find a third-party solution to translate the information.