Mass Payments
Global PAYplus™ supports the processing of all types of Mass Payment transactions including batch files with multiple instructions (pure or mixed currency), bulk-type instructions (for example, single debit with multiple credits), multiple formats and format types, manual and template-driven initiation, and standing instructions for automatic scheduling.
Global PAYplus implements all Mass Payment instruments - Outward and Inward credits, Outward and Inward debits, through the full transaction life cycle: from transaction capture, value dating, warehousing, currency conversions, balance look-up for credit risk control, regulatory interdiction, posting, automated fees/charges calculation, ACH processing, inquiry and audit trail generation, to the handling of the 4Rs (Returns, Refunds, Reversals and Rejections), and mandate management.
Business Benefits
- Adjusts to rightsized requirements for any bank
- Enables Financial Institutions to process electronic payments (High and Low Care, Urgent and Non-Urgent) with highest level of Straight Through Processing, efficiency, and customer differentiation - locally, globally, and across geographic regions
- Drives new revenue and enhances customer service through the use of rules and customer segmentation. Its powerful rule-based processing engine affords Financial Institutions significant flexibility to tailor processing workflows for maximum STP; for payment product differentiation in terms, fees and charging, notifications and other automated special handling for customer payments; and to meet any local or regional regulatory processing requirements
- Supports “white label” processing for external Financial Institutions, compartmentalizing each entity for privacy, accounting, and regulatory purposes
- Supports rapid entry into new markets though its unparallel coverage of payment market infrastructures (either directly, through companion gateways, or via partners)
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Key Features
- A platform for the delivery innovative payment services
- Consolidated payment operations for greater efficiency
- Centralized control improves liquidity and risk management
- Custom-tailored operations and services with rules technology
- Customized pricing for multiple client segments
- Unlimited expansion capabilities
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IT Benefits
- Potential for universal payment platform on a scalable basis
- Comprehensive architecture and security with a browser-based user interface, multiple connectivity options, and hardware and operating system independence
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Key Features
- A platform for the delivery innovative payment services
- Consolidated payment operations for greater efficiency
- Centralized control improves liquidity and risk management
- Custom-tailored operations and services with rules technology
- Customized pricing for multiple client segments
- Unlimited expansion capabilities
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Operational Benefits
- Supports operations at all levels of a global financial institution allowing separate operations at a specific level for example, the Country level, while allowing aggregation at the regional or global level delivering significant operating efficiencies and reducing complexity and costs
- Supports distributed access to, and centralized control of your global payments operations, realizing improved productivity and increased cost-efficiencies
- Provides mechanisms to deliver advices and notifications to gateways and advising engines, closing the information loop in a customer friendly way
- Follows the concept of the "Gold Source" for Static and Reference Data, whereby the data are hosted on the systems of record, thus minimizing duplication, complexity, and inconsistencies
- Provides facilities to import, hold, and maintain Static and Reference data
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Key Features
- A platform for the delivery innovative payment services
- Consolidated payment operations for greater efficiency
- Centralized control improves liquidity and risk management
- Custom-tailored operations and services with rules technology
- Customized pricing for multiple client segments
- Unlimited expansion capabilities
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