ProPay - The global payment engine
Multi-banking in ProPay offers new opportunities for 'transaction banking' or 'factory operations' as well as insourcing payment operations from other banks or subsidiaries. Such operational models can enable a bank to rationalise payment operations across a banking group, promote new income sources from insourced payments and achieve ‘economy of scale’.
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MVS(OS/390)
Software, Web-Based (Browser)
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jane-strom-pedersen@tietoenator.com
+47 911 31 224
Additional Product Information
Market compliancy
Enhancing payment software to maintain industry and market compliancy is often costly for many banks. ProPay is well positioned to provide necessary functionality for handling SEPA payments, administering TARGET2 and SEPA Direct Debit transactions according to published timeframes and on a cost-sharing basis within the TietoEnator user community.
Flexible business parameter administration
TietoEnator's Global Payment Solution data repository, ProDirectory, provides users with the configuration tools for defining and maintaining all of the data required for payment processing. Flexible business parameter administration enables a bank to tailor complex payment products for demanding corporate customers, while streamlining the payment process for the majority of payments.
Customer agreement definition, and the ability to set special charges and other payment conditions at segment, customer and account level, have enabled the ProPay user community to achieve a significant reduction in the number of customer agreements. Parameters and control switches are maintained directly, enabling qualified users to change processing rules as and when it is needed, without any programming effort. This shortens time-to-market for any change that is required and provides the bank with a high degree of flexibility to respond to changing customer and market demands.
Promoting maximal STP
Once captured (either electronically or manually), payment data is validated towards both ProDirectory parameters and information retrieved from interfaces to a bank’s application infrastructure (e.g. customer and account data). The content of the payment, such as settlement route, charges and value dates, is derived automatically according to ProDirectory rules, thus ensuring correct payment instructions and improved payment quality.
Automated processing includes validation for MT103 rules. Additionally, payments qualifying for bank-specific ‘STP types’ can derive alternative products, charges and associated payment conditions, thereby enabling a bank to charge for poor payment quality.
Straight through exception handling
The high degree of automated processing in ProPay enables qualified staff to focus efforts on ‘real’ exception handling and repair activities. Payments that are incomplete, or that do not comply with ProDirectory parameters and limits, are stored in prioritised queues for operator verification or repair e.g. funds checking or profile checking failure.
Sophisticated monitoring and control
Sophisticated workflow monitoring screens provide operational managers with the necessary tools to ensure optimal allocation of processing staff at critical times during the day (for example, when approaching cut-off).
Ensuring profitable payment operations
With the challenges facing the payment business today, it is essential that operational, customer and product managers have access to payment data and statistics in order to ensure and maintain a profitable payment business. Payment data from ProPay is available for MIS analysis and information warehouse feeds.
Processing output and integration
ProPay automatically prepares payments to be sent over the required delivery channel and is integrated towards various applications in the bank e.g. customer information system, treasury, accounting and funds control, profile checking, position-keeping and central bank reporting. Customer advices (paper or electronic) and cheques are produced as required.
For more information, contact Jane Strøm-Pedersen or call tel.