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 position 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 uses 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 Payment Gateway.

The system supports processing of SWIFT, RTGS, SFMS and NEFT messages for end to end integration with 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 with 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 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 group of messages, individual message and message fields there under.
• 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 the mechanism to update the 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 the mechanism to find the 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 position for all incoming and outgoing payment instructions.