Logica All Payments Solutions

Drawing upon over 30 years of experience in payments, Logica has developed a state-of-the-art, component based payment processing solution founded upon SOA principles.  The Logica All Payments Solution (LAPS) is able to cater for the full range of payment types (retail, domestic, international, urgent/timed, single and mass payments) within a single deployment.  A key feature of LAPS is that it differentiates processing on the basis of the required payment service (e.g. priority, risk profile, preferred delivery channel) as opposed to the traditional separation by transaction value.
 
In addition to the main payment processing modules, LAPS also provides solutions in the financial messaging, liquidity management, regulatory scanning, and business activity monitoring domains which can work cooperatively as part of a LAPS deployment or as stand-alone applications.
 
LAPS is based on open, scalable, robust technology standards and employs both workflow management and user configurable business rules (via a browser) to establish and tune the required processing flow.  This approach means that LAPS is highly agile, with users able to establish new payment products and to rapidly respond to the pressures of regulatory and market infrastructure changes.
 
Current benchmarks demonstrate the scalability and capability of LAPS to process large volumes of payments, allowing for cost effective hardware configurations. LAPS is J2EE compliant and can be deployed in any mainstream UNIX or Windows environment. Oracle based data storage and browser based GUI complete the technical framework.
 
LAPS provides full support for multi-entity, multi-currency, multi-lingual operations that are essential to offer clients the range of innovative deployment models that they are demanding (multi-bank, global-bank, white-labelling, ASP, service bureau, out-sourcing/in-sourcing).  The segregation of data and functionality can also be defined at this organisational structure level.
 
Through its adherence to standards such as ISO20022 and the use of generic gateways and adapters to support interface development, LAPS is able to separate delivery channel requirements (e.g. specific message formats) from the main payment processing logic.  This structured architecture also allows LAPS to interoperate with a number of common back office applications and SWIFT CBTs such as SAA.
 
Being component based, LAPS allows a client to renovate their payment systems in an order and timeframe which:
 
• reflects their business drivers,
• protects their current investment in systems and their own IPR
• allows them to incorporate new solutions as they become available in the market
• realises an early ROI by targeting and addressing specific problem areas
 
This overall flexibility in the migration process is termed “progressive renovation”; it is an approach which recognises the complexity of current payment systems (including the differences between the existing silo-ed applications) and their requirement to respond rapidly to changing business environments.  Through its combination of a proven product solution and extensive project delivery, Logica is uniquely positioned to assist clients with a range of options to address their specific migration needs.  We work in partnership with clients to ensure the success of such undertakings.
 
In addition to the supply of mission critical solutions such as LAPS, Logica has a world-class reputation as an SI able to deliver the most complex of projects. Logica has the breadth and depth of expertise required to provide a full support framework.  This includes its own project methodology (Cortex), a dedicated product centre, user groups, managed testing and certification services, and a range of support and maintenance models including 24*7 cover.
 
Summary of Key Benefits:
 
• Centralised management and tracking of both single and batch payments based upon required service levels
• A global, internationalised solution – Full multi-entity, multi-currency, multi-time zone, multi-lingual, support for complex deployment models with corresponding functional and data segregation
• Configurable workflow with autonomous business components provides simple deployment options and ongoing maintenance
• Rules based and agile business components encapsulate the domain-specific functionality; with the ability to respond rapidly to changes in operating models.  Rules are easily constructed and conceptually simple leading to faster time to market
• Improved STP through payment qualification and enrichment
• Business and operational oversight through highly responsive Business Application Monitoring and Management (BAMM)
• Easy integration with Clearing and Settlement Mechanisms (CSMs) and other bank applications through standard Gateways and adapters
• Designed for Progressive Renovation the bank migrates and evolves the solution in a timeframe which fits its business drivers
• Proven high performance and scalability to meet the demands of mergers and acquisition activity

For more information or to speak to one of our experts contact us at financial.services@logica.com