Payment Hub

Payment HUB is a Centralized Payment Hub (PH) that enables the bank to have a centralized release of RTGS payment instructions and to intervene when necessary before a stipulated cut-off time to transmit the instructions on a timely basis. It provides real-time positions for all incoming and outgoing payment instructions.

Solution Overview
PH inter-connects banks, hosts Payment Gateways and vice versa. PH is built on an open, J2EE technology and MVC framework. The integration is primarily done using IBM WebSphere MQ, a message oriented middleware application.

For hosts that use file-based payment processing, it provides an optional component ‘PayManager Adapter’ to convert file based messages to MQ messages and vice versa. PayManager provides a common interface to the various host applications within the bank, which allows centralized release of messages to the Payment Gateway.

The system supports processing of SWIFT, RTGS, SFMS and NEFT messages for end-to-end integration with the bank’s hosts and payment gateways. Support for additional message protocols can be done with minor customization.

Key Features

• SOD and EOD Operation
• Inter-connects with the banking host and with a number of payment and settlement systems
• Seamless integration with STP
• Custom Adapters for systems using file formats
• Has the facility to monitor all incoming and outgoing transactions
• Provides a real-time position for all incoming and outgoing payment instructions
• Provides a routing mechanism for all incoming and acknowledgement messages
• Single Message and Batch Message Processing
• Manual Construct of RTGS/SWIFT/SFMS/NEFT Messages
• Cancellation of RTGS/SWIFT/SFMS/NEFT Messages
• Facility to monitor the balances in various settlement accounts, with a facility to drill down to the various sub-groups of messages, individual messages and message fields thereunder.
• Broadcast or receive messages to/from any of the bank’s braches or host systems
• Intraday Liquidity Manager Module available
• Comprehensive SWIFT message handler
• Manual Messages
• Status Monitor
• Provides a mechanism to update Swift as well as RTGS branch duplicate Codes.
• Re-prioritization of Messages Systems
• MQ Series compliant in sending payment messages to RTGS/SWIFT
• Payment Release Management
• Provides a mechanism to find a missing sequence of Payment messages.
• Ensures end-to-end confidentiality of communication using industry standard security tools
• Extensive Error Handling
• Transaction Report, Payment report, Reconciliation report, Audit Report and various customizable reports

PayManager
PayManager is an Intra-day Liquidity Manager (ILM) with centralised Payment Hub (PH) that enables the bank to have a centralised release of RTGS payment instructions and to intervene when necessary before a stipulated cut-off time to transmit the instructions on a timely basis. It provides real-time positions for all incoming and outgoing payment instructions.

 

Liquidity Manager
Intra Day Liquidity Manager displays real-time currency wise liquidity position. Actual liquidity available is calculated based on various parameters such as balance in the various settlement accounts in each currency, payments received, payments settled, payments awaiting settlement, payments awaiting acknowledgement, payments awaiting authorization.

 

Key Features

 

• Multi-currency Liquidity Manager
• SOD and EOD Operation
• Displays actual liquidity available taking into account the balance in various settlement accounts in different currencies
• Automatically matches payments with predictions; however it has the flexibility to match manually
• Rule based mechanism to schedule/prioritize both outward and inward payments based on BIC, currency, amount, beneficiary and time
• Reserve fund allocation for high priority messages or expected debit
• Graphical and tabular display of active fund status, predicted vs. actual at any given point in time
• Forecasting Net Position of day-end, based on known payments and receipts at day-begin or any time during the day at the Bank’s option
• Alert when liquidity falls below preset threshold
• Transaction Report, Prediction Report, Transaction Volume Report, Graphical reports and various customizable reports