No Need To Change Existing Systems,
Service Providers, Or Institutions
Real-Time Payments
Global Payment Transaction Insights In Real-Time
Real-Time Payments
Feature Overview
How The Real-Time Payments Feature
Can Bring Value To Your Global Organization
Enterprise Financial Hub’s Real-Time Payments capabilities significantly improve transactional efficiency and financial management. By leveraging instant funds transfer, continuous availability, immediate confirmations, reduced costs, data richness, security, system integration, and compliance support, businesses can achieve considerable operational benefits and cost savings. These improvements are quantified in the substantial percentages provided, underscoring the impact and value added by incorporating real-time payment solutions into enterprise financial operations.
Instant Funds Transfer
Feature Description: Allows for the immediate transfer of funds between accounts, enabling businesses and consumers to send and receive payments with instantaneous settlement.
Business Benefits: Enhances liquidity management by up to 50% as funds are available in near real-time, eliminating delays and improving cash flow.
Immediate Payment Confirmation
Feature Description: Offers instant confirmation to both payer and payee once a payment is processed, providing immediate assurance that the transaction has been completed.
Business Benefits: Improves operational efficiency by as much as 40% by streamlining the payment verification process, thereby reducing administrative overhead and enhancing customer service.
Reduced Transaction Costs
Feature Description: Lowers the cost per transaction by minimizing processing fees typically associated with traditional payment methods.
Business Benefits: Cuts transactional costs by up to 25%, making processing payments more economical for businesses, especially those handling a high volume of transactions.
Enhanced Data Richness
Feature Description: Accommodates extensive remittance information and payment instructions, allowing for easier reconciliation and enhanced transaction details.
Business Benefits: Decreases reconciliation errors by approximately 35%, thereby reducing back-office workloads and associated costs in rectifying mismatches.
Improved Security and Fraud Detection
Feature Description: Integrates advanced security protocols and fraud detection mechanisms that operate in real-time to prevent unauthorized transactions.
Business Benefits: Reduces fraud-related losses by up to 45%, providing robust security measures that safeguard against unauthorized or fraudulent transactions.
Seamless Integration with Existing Systems
Feature Description: Easily integrates with current banking systems, ERP, and financial software, ensuring RTP capabilities are embedded within the existing infrastructure without disruptive overhauls.
Business Benefits: Enhances IT and financial system efficiency by a potential 20% or more due to the ease of integration with current systems, leading to lower implementation costs and ensuring business continuity.
Support for Regulatory Compliance
Feature Description: Adheres to the latest regulatory standards for instant payments, maintaining compliance with transaction reporting and monitoring requirements.
Business Benefits: Low compliance costs by approximately 15% by ensuring real-time payments are processed within the regulatory framework, reducing the risk of penalties.
Real-Time Payments
INSTANT® Payments Execution
The INSTANT Payments Advantage
Take advantage of the emerging real-time payment industry with this module, whose features include:
- Intuitive interface and dashboards
- Response reconciliation
- Initiate queries (Status, Cancel)
- STP entries to related systems
- Reference data for Enrichment, Validation & Substitution
- Compliance check against multiple databases
- Duplicate checks at multiple stages
- Ability to run on any platform
This module also enables you to engage processing rules – differently – for each payment based on content and context.
