Solutions to modernize your Payments
Transition to multi-rail instant payments provides an opportunity for the bank to offer embedded, value adding consumer and corporate payment services
Payments
Payment Solutions
Payment Solutions offers fully compliant payment operations and cloud service for managing and processing many types of account-to-account payments – SEPA Credit Transfers, SEPA Instant and cross border – from any of the initiation channels and provide connectivity and messaging to leading payment infrastructures.
- Complete Payment Platform - Market ready software platform for multi-rail payment processing, request to pay and scheme connectivity
- Resilient SaaS Service - Evergreen, compliant Software-as-a-Service operations on cloud
- Payment Business Processes - Business and application operations for selected payment front and back office functions
SEPA Instant Payments
Solution for a Bank to initiate and process SEPA Instant Payments, manage validation rules and implement needed control points for payment execution. Solution offers also multiple connection options to Euro-payment clearing and settlement infrastructures using SWIFT, SIANet or EBICS for connectivity.
- Manage payment initiation to enable centralized rules and validations for payments coming from multiple channels'
- Processing of the payments and posting transactions
- Connectivity to market infrastructures for SEPA Instant Payments – supports also other payment options.
Key features
Standard platform for payer and payee side services
Standard cloud service provisioning or software as delivery options
Use case agnostic and extendable for P2P, B2C, B2B user stories
Standard platform for payer and payee side services
Payment Engine agnostic U+2013 integrated to in-house or standard software
Business services
Business services overview
Standard API for payment initiation from any channels, enabling validation rules and control points for the outgoing payments managed in the Payment Hub.
Business service
- Payment initiation from all the channels
- Management of payment validation rules and control points
- Management of payment instructions until execution date and posting of the transaction
Business service characteristics
- Unifying API for initiation of all payments
- Common payment warehouse for all the payments
- Configuration GUI:s for validation rules and control points
- SaaS or in-house delivery options
Click to expand
Business services overview
Standard API for payment initiation from any channels, enabling validation rules and control points for the outgoing payments managed in the Payment Hub.
Business service
- Payment initiation from all the channels
- Management of payment validation rules and control points
- Management of payment instructions until execution date and posting of the transaction
Business service characteristics
- Unifying API for initiation of all payments
- Common payment warehouse for all the payments
- Configuration GUI:s for validation rules and control points
- SaaS or in-house delivery options
Click to expand
Cross Border Payments
Solution for a Bank to manage initiation and processing cross border payments and connectivity to SWIFT network. Solution enables payment validation rules and implement needed control points for payment initiation. Our solution offer connectivity services via SWIFT to your corresponded bank networks.
- Manage payment initiation to enable centralized validation rules and controls for payments coming from multiple channels (web, mobile, file gateway)
- Processing of the cross border payments and posting transactions.
- Connectivity to SWIFT network including full pledge SWIFT Service Bureau services
Key features
Standard platform for multiple payment rails – cross border and SEP CT/DD and Instant
Standard SWIFT Service Bureau services and SWIFT Alliance Access
Scalable operations
GUI's for back-office operations and scheme rules
Compliance to SWIFT services development
Business services
Business services overview
Standard API for payment initiation from any channels, enabling validation rules and control points for the outgoing payments managed in the Payment Hub
Business service
- Management of payment validation rules and control points
- Cross border payment initiation from all the channels
- Management of payment instructions until execution date and posting of the transaction
Business service characteristics
- Unifying API for initiation of all payments
- Common payment warehouse for all the payments
- Configuration GUI:s for validation rules and control points
- SaaS or in-house delivery options
Click to expand
Business services overview
Standard API for payment initiation from any channels, enabling validation rules and control points for the outgoing payments managed in the Payment Hub
Business service
- Management of payment validation rules and control points
- Cross border payment initiation from all the channels
- Management of payment instructions until execution date and posting of the transaction
Business service characteristics
- Unifying API for initiation of all payments
- Common payment warehouse for all the payments
- Configuration GUI:s for validation rules and control points
- SaaS or in-house delivery options
Click to expand
Request to Pay (RtP) Platform
Our solution offers a Bank all capabilities needed to process RtP messages for both payer and payee side services according to SEPA RTP rule book, and capability to extend same platform to manage local proprietary payment request / request-to-pay platform.
- Initiate payment-requests request
- Get status of payment-requests request
- Get cancellation status for payment-requests
- Cancel previously initiated payment-requests request
Key features
Standard platform for payer and payee side services
Standard cloud service provisioning or software as delivery options
Use case agnostic and extendable for P2P, B2C, B2B user stories
Standard platform for payer and payee side services
Payment Engine agnostic U+2013 integrated to in-house or standard software
Business services
Business services overview
Common platform for execution and processing of the outgoing and incoming payments and requests-to-pay. GUI for payments back-office processes
Business service
- Process outgoing request-to-pay messages (pain.013) to market infrastructures
- Process status messages from payer side participant (incoming pain.014)
- Manage cancellation of request to pay message to payer side participant
- Enable status queries from the payee side services
Business service characteristics
- Use case agnostic - unified API for all outgoing payment requests
- Easy integration to multiple payment engines
- Highly modular and extendable service
- Cloud or in-house delivery options
Click to expand
Business services overview
Common platform for execution and processing of the outgoing and incoming payments and requests-to-pay. GUI for payments back-office processes
Business service
- Process outgoing request-to-pay messages (pain.013) to market infrastructures
- Process status messages from payer side participant (incoming pain.014)
- Manage cancellation of request to pay message to payer side participant
- Enable status queries from the payee side services
Business service characteristics
- Use case agnostic - unified API for all outgoing payment requests
- Easy integration to multiple payment engines
- Highly modular and extendable service
- Cloud or in-house delivery options
Click to expand
Open Banking
Open Banking is a trusted way for consumers (PSU) to give merchants or service providers access to their financial information or to authorize payment directly from their bank account, usually via a third party.
- Open Banking and PSD2 provides a European-wide regulatory framework that allows third parties to secure access to accounts to gather transaction data and initiate payments on the customer’s behalf.
- The Open Banking journey in Europe is overseen by regulators, but this isn’t the case for every country looking to implement similar initiatives
Key features
Standard platform for payer and payee side services
Standard cloud service provisioning or software as delivery options
Use case agnostic and extendable for P2P, B2C, B2B user stories
Standard platform for payer and payee side services
Payment Engine agnostic U+2013 integrated to in-house or standard software
Business services
Business services overview
Allows customers to transfer funds between their own accounts, third-party accounts, or external accounts, while also enabling them to initiate and confirm credit transfer payments.
The Payment Initiation Service (PIS) is an innovative feature ushered in by the Second Payment Services Directive (PSD2). PIS facilitates third-party providers (TPPs) to initiate payment transactions directly from the customer's bank account, given the explicit consent of the account holder.
Features
- Real-time Fund Verification
- Consent-Driven Inquiry
- Universal Integration
- Enhanced Transaction Success Rates
- Security and Confidentiality
Benefits
- For Banks: Enables a new revenue stream by offering innovative payment services, enhances customer trust with secure and direct transaction methods, and strengthens partnerships with fin-tech entities.
- For Customers: Provides a seamless, quicker payment experience with fewer intermediaries, consolidates financial management, and offers better transactional transparency.
- For Merchants: Reduces transaction fees traditionally associated with card networks, facilitates faster settlement times, and minimizes payment disputes.
- For Third-Party Providers: Expands service portfolio by facilitating direct payment solutions, strengthens customer relationships through improved payment experiences, and broadens market potential.
Click to expand
Business services overview
Allows customers to transfer funds between their own accounts, third-party accounts, or external accounts, while also enabling them to initiate and confirm credit transfer payments.
The Payment Initiation Service (PIS) is an innovative feature ushered in by the Second Payment Services Directive (PSD2). PIS facilitates third-party providers (TPPs) to initiate payment transactions directly from the customer's bank account, given the explicit consent of the account holder.
Features
- Real-time Fund Verification
- Consent-Driven Inquiry
- Universal Integration
- Enhanced Transaction Success Rates
- Security and Confidentiality
Benefits
- For Banks: Enables a new revenue stream by offering innovative payment services, enhances customer trust with secure and direct transaction methods, and strengthens partnerships with fin-tech entities.
- For Customers: Provides a seamless, quicker payment experience with fewer intermediaries, consolidates financial management, and offers better transactional transparency.
- For Merchants: Reduces transaction fees traditionally associated with card networks, facilitates faster settlement times, and minimizes payment disputes.
- For Third-Party Providers: Expands service portfolio by facilitating direct payment solutions, strengthens customer relationships through improved payment experiences, and broadens market potential.
Click to expand
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