Solutions
Business Payments
Optimizing payments processing for your business customers.
Over the years the payments industry has grown increasingly complex. Unwieldy silos have been created within banks that have caused them to ask the question: should we be in the business of payments? Leveraging new technologies, opportunities have arisen for banks and processors to change their approach towards payments processing. The evolving nature of international payments markets and regulatory changes constrict some tactical and even strategic decisions. Regional initiatives underway around the globe mean all banks, wherever they are located, need international readiness more than ever.
Our value proposition brings financial institutions a future ready open payment solution, which optimizes reusability of existing components and leverages investment in the current payments systems. The comprehensive functionality provided by this Open Payments Framework focuses on Customer Interaction (both online and file transfer), Order Management (middle office) and Payment Execution (back office / payment processing). This allows banks to manage payments from origination through instruction management to execution across their enterprise. By separating the business process from the underlying technology, the Bank Payment Hub enables the required agility in a rapidly changing market. Furthermore, the Bank Payment Hub delivers efficiency, transparency and cost savings in payment operation by removing the silos and migrating to a shared services model.
The Clear2Pay Business Payments solution bridges the gap between the initiation channels of a bank through which payment services are provided and the back-end payment execution systems through which these payments are delivered.
- Business Payments brochure 1,1 MB
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