VolPay Hub : RTP Suite

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Overview

As a part of Volante’s VolPay Suite of payments products, the VolPay Hub: RTP Suite consists of the highly resilient and scalable VolPay Hub product specifically configured to handle all aspects of Real-time Payments (RTP). It is cloud enabled and is platform-agnostic, allowing end-to-end payment processing and rapid integration to any third-party or in-house system. It orchestrates end-to-end payment flows by interacting with back-office, payments, sanctions, risk, accounting and any required in-house or external system. It processes the real-time payments through the integrated RTP Processor Modules within the application, within the required SLAs quickly and seamlessly.

Key Features

Modularity – Volante provides a growing and maintained library of 100+ domestic and international standards plugins and RTP processor modules for real-time payment infrastructures such as the TCH RTP in the US, United Kingdom’s FPS, Singapore’s FAST-G3 System and more as they emerge. The same framework can be replicated across different geographies by simply adding the relevant plugins and/or RTP processor modules as needed. Additionally, through its flexible configuration capability and modularity, the VolPay Hub: RTP Suite ensures that all required processing and orchestration requirements are met quickly and easily.

Reduced Cost of Change through speed and flexibility – The VolPay Hub: RTP Suite is built using the highly resilient, scalable time-proven Volante Designer at its core. This means accelerated completion of projects through advanced visual modeling, configurable domain interfaces and business rules, automated code and documentation generation and testing with its inbuilt testing harness.

Technology – The solution is cloud enabled and infrastructure-agnostic with Payment API’s for easy integration and provides hundreds of REST API’s, making communications between the bank’s systems and the solution seamless, establishing a platform for a Next Generation payment ecosystem.

Entity Model – The solution provides an easily configurable mechanism to on-board new channels and origination sources using the market leading transformation capabilities of Volante. This means that legacy channels, sources and formats can be easily accommodated by the VolPay Hub: RTP Suite.

Key Benefits

The VolPay Hub: RTP Suite is built using the highly resilient, scalable time-proven Volante Designer at its core. This means accelerated completion of projects through advanced visual modeling, configurable domain interfaces and business rules, automated code and documentation generation and testing with its inbuilt testing harness.