Bank Payment Hub

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Middleware / SOA Infrastructure

Product and service specifications

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Tags:

order management, execution, processing, routing, origination, payments

Overview

The Bank Payment Hub is a centralised payments infrastructure derived from the Open Payment Framework (OPF). The Hub is delivered as three unique solutions; Customer Interaction, Order Management and Payment Execution. This allows banks to manage payments from origination through instruction management to execution across their enterprise.

The onset of initiatives such as Single Euro Payments Area (SEPA) and UK Faster Payments impacts the payments strategy at banks. By separating the business process from the underlying technology the Bank Payment Hub enables the required agility in such a rapidly changing market. Furthermore, the Bank Payment Hub delivers efficiency, transparency and cost savings in payment operations. By consolidating the multitude of systems into one centrally managed platform, banks will reap the benefits of removing the silos and migrating to a shared services model. The Bank Payment Hub offers a future-proof open payment architecture with the ability to maximise re-usability of both new and existing components, leading to optimisation of the end to end payments process.

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