Instant Payments

Be ready for Instant Payments and beyond

In summary

Pay back a friend straight away after diner, instantly settle a bill or insurance, make a deposit... In the digital age, consumers require access to real-time services through any channel. All services are going real time. Payments are no exception: Instant Payments are more than even on the agenda and they are becoming inevitable.

The issue for banks? Processing transactions in a few seconds, making funds immediately available in the beneficiary's account, and providing a service that is accessible 24/7/365.

Vision and advantages

Our vision

  • Instant Payments are only the beginning
    • From single payments to mass payments
    • Potential for SCT replacement
  • Reduce cash & cheque payments
  • Boost mobile payments (P2P and C2B)
  • Facilitate B2B and B2C payments

Main advantages

  • Keep the customer relationship
  • Establish leadership in digital enablement
  • Additional case to develop mobile payments
  • Reduce costs related to cash & cheque handling
  • Anticipate shift in card payments

Our solution

Sopra Banking Software’s Instant Payments solution is based on a flexible system which makes it possible to publish initiation services for multichannel access. It covers four main functionalities: Subscription, Initiation, Execution & Clearing Exchange.

Solution capabilities

   
  • Full coverage of  Instant Payments scope
  • From initiation & subscription to execution & clearing exchange
  • Our solution design is STET compliant, and complies with other CSMs
  • Different delivery models
  • Complete approach or modular way

Solution benefits

  • Fully compliant solution
  • Fast implementation thanks to CSM’s validation
  • As an additional option, for banks already using our payment solutions
  • In stand-alone mode to complement your existing IT system
  • Highly scalable
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