UK Faster Payments
The Global PAYplus™ FPS (Faster Payments Service) Hub incorporates all rules and requirements to process Standing Orders, Diarised payments, and single immediate payments within the Service Level Agreements defined by the UK Faster Payments scheme.
In concert with the FPS Gateway, the FPS Hub fully implements scheme requirements for members, direct and indirect agencies, and third party beneficiaries as well as DCA (direct corporate access).
This product can be deployed on a standalone basis to integrate within a financial institution's existing payment infrastructure, or as a fully-integrated component of Fundtech's Global PAYplus payment solution.
Business Benefits
- Can be rightsized for high volume direct members, low volume direct members, and direct agencies
- Utilizes an ISO20022 standard gateway interface
- Drives new revenue through support for indirect agencies
- Supports "white label" processing for external financial institutions, compartmentalizing each entity for privacy, accounting, and regulatory purposes
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Key Features
- Supports one-time payments, standing orders, corporate bulk payments, and return payments
- Benchmarked at over seven million transactions per hour
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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
- Supports one-time payments, standing orders, corporate bulk payments, and return payments
- Benchmarked at over seven million transactions per hour
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Operational Benefits
- 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 is hosted on 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
- Supports one-time payments, standing orders, corporate bulk payments, and return payments
- Benchmarked at over seven million transactions per hour
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