Allocating customer payments is very simple with virtual accounts: you receive 1 million virtual IBANs that you can freely assign to your customers as required.
For example, your customer may transfer their outstanding invoice amount to the IBAN you have provided.
Behind the virtual IBANs is your escrow account with the Deutsche Handelsbank, over which beside the receipt also the dispatch of payments is possible.
Access for e.g. account statements on the escrow account are processed, as usual, via EBICS and online banking.
Virtual accounts make it easy for you to identify payments from your customers.