Payments engine
- A powerful Payment Engine
for increased payment efficiency and to provide
value added services to Bank Customers
Key
Product Feature
Enables financial institutions to securely
generate multi-currency outgoing and receive
incoming wires with very high rates of
STP, minimal user intervention and at
the same time high security
Out of the box support for payment message
formats of over 50 countries such as RTGS,
NEFT in INDIA, SEPA in EUROPE, SWIFT MT
and MX formats, EDIFACT, RENTAS, GIRO,
ACH etc
Single payment processing system for
multiple channels
Message Parsing component allows extension
of base format for other countries and
new payment formats without any code change
Seamless integration with a Limits module
to check customer limits (individual,
group and complex hierarchical limits)
before allowing a payment to pass through
helps reduce settlement risk.
Queue based logic to identify payments
based on criteria such as “Referral
needed”, “Pending Cover Match”
etc
Supports corporate file uploads containing
various message types and additional information
such as invoice details to help a corporate
reconcile its payables and receivables
Ability to do OFAC and SDN checks on
all parties in the
payment ranging from remitter, to beneficiary
to intermediary
institutions using Intellect VIGIL ( or
via industry standard
AML engines.)
Comprehensive, cost-effective solution that
helps financial organizations reach higher
levels of management control and customer
service enabling them to compete aggressively
in today's global markets
Recommended by Gartner in their report titled
"Payment Services Hub: Build, Buy or Assemble
?", 2009
(G07.01)
Supports messaging formats for more than 50 countries Processes payments through multiple channels with high STP rates
