Real Time Payment Engine

Central Processing of Various Payment Types

The payment industry is in a process of dramatic changes. New regulation initiatives, such as PSD2 and instant payments, require wide-ranging changes in the payment processing and lead to respective consequences for the existing IT systems. Financial institutions extend their product and service portfolio with additional digital services and are therefore asked to open their available infrastructure. Open banking represents a new philosophy in the strategies of financial institutions; services are to be digitalised and provided for new market participants. Moreover, banks face the challenges of connecting themselves to other service providers.

For the banking industry, one of the most important challenges is the real-time capable processing of payments. At the same time, multi-channel and multi-instrument capability, fast extensions for country- and bank-specific requirements as well as central maintainability of processes play an important role in the efficient controlling of clearings and settlements. The Real Time Payment Engine is a real-time capable, modular and open payment hub solution which supports the processing of different payment types. Diverse payment channels, such as e-banking, manual recording of payments or third-party providers, can flexibly be integrated.

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• Digital Wallets