The Data Exchange service will meet your reporting requirements through a single source, such as a financial institution's system or your own online financial workstation.

The following are options of the various ways you can receive and/or send your banking information:

• Multi-Bank reporting via Business Online Banking—allows you to access your balance and transaction information on all your domestic accounts at another financial institution within the Business Online Banking system
• Outbound Data Exchange—allows Sovereign Bank to transmit balance and transaction information on your Sovereign accounts to another financial institution’s banking system
• Inbound Data Exchange—allows you to receive daily bank account and transaction information from all of your financial institutions from a single, consolidated source in BAI2 format. This data can then be manipulated and analyzed on your treasury workstations or other cash management systems
• Outbound International Data Exchange—allows businesses to access their domestic and international account and transaction information generated from multiple banks within a single database. This information is processed through the Society of Worldwide Interbank Financial Telecommunication (SWIFT) network to transmit that information internationally