About Enterprise Payment Hub
IMS Payment hub is designed to take over the payment ownership and takes care of ACK/NACK respective of the payment channels. If a payment option selected by the end use/customer, then IMS proceeds with that instruction and ensure your customers can decide if they wish to use SWIFT, Banks H2H, Ripple and so on. In payments industry we call “Quality Data provides Quality Payments”. IMS- Payments is a transaction processing system which has well organized data structure. In payments industry we call “Quality Data provides Quality Payments”. IMS- Payments is a transaction processing system which has well organized data structure. The payment transaction goes through various stages right from the inception of receiving a message, validation, processing, settlement, cash management and finally, the reconciliation.
Overall Features
- Additional of new payment service provider such as SWIFT GPI/Ripple or cross boarder remittances at ease. Pre configured workflow, business rules, pricing helps to launch the solution faster to the market.
- Preset configurations for IPP (instant payments 24X7X365) is available. Just configure your SLA and launch your solution suitable for your region.
- Complex Query management made easy in the live and archived databases. Also, managing your cases pertaining to each payments made easy for consistent follow-up and closure.
- If you want STP or add various checks and balances is with business team’s requirements.
- All departments perusing payments will have transparency of their respective payment status on real-time, 360 degree dashboards.
- Nostro/Vostro Reconciliation and actual cash position on real-time is available for effective decision making.
- We shall make your corporate clients compliant to ISO 20022 standards.
For Business Users
- An Integrated platform which supports modular design & micro services.
- Multi company, Multi currency, Multi system, Multi Lingual system which centralize all payments under a 360 Degree View on a real-time basis.
- Customize your payments orchestration to suite your processes or as per your regulators or both combine.
- Pricing Engine, Complex algorithm based Routing Engine, FX Engine, Fees Engine, Exceptions handling are some features are out of box configurable.
- Virtual Account Management, addition of new payment channels and flexible API Integrations.
For IT Team
- Rich library of APIs with Open API standards, REST/SOAP APIs for integrating with various Fintech, Regtech, Regulators, 3rd party information provider etc.,
- No need to customize your core banking or Middleware applications.
- H2H adapters, Central bank adapters, extendable APIs for your Mobile/Internet banking platforms.
- Test Simulator which helps you test the system end to end before engaging into the real-time business applications/central bank adapters.
- Transparent data governance and ease to slice and dice of data by users.