VolPay Channel

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Overview

VolPay Channel is a payment pre-processing business application underpinned by VolPay Foundation that enables banks and corporate enterprises to rapidly define and execute the on-boarding of new Host-to-Host (H2H) file based sources of customer initiated transactions. The on-boarding process is optimized through a streamlined managed workflow, automated generation and deployment of code, desktop test harnesses and simulations, and automated generation of documentation.

PSD2/Open Banking

Building on Volante’s VolPay Channel business application, the VolPay Channel: Open Banking solution enables banks to rapidly integrate their back office servicing applications, including payment engines and core banking account holding systems, with the front end API management layer, that provides the secure managed access to the banks environment via defined APIs.

Key Features

The optimization of on-boarding and pre-processing activities is at the heart of VolPay Channel, and these activities include:

  • Definition of the customer and their preferences
  • Definition of the customer file processing profile
  • Definition of the incoming and outgoing format preferences
  • Definition of the data transformation logic to the destination system format
  • Definition of pre-processing functions including:

○Data validations – technical & business

○Exceptions reporting

○Workflow

○Business rules

○Approvals

○Enrichments

  • Automated generation and deployment of the object code
  • Test harness to simulate and automate testing on the desktop
  • Automated generation of customer and operations documentation
  • Management Information reporting

Key Benefits

VolPay Channel enables business agility through speed and flexibility

Speed because:

  • Pre-configured workflow to guide the organization through every step of the on-boarding process,
  • Analysts can design the requirements that generates the pre-processing logic
  • Documentation is auto generated enabling analysts to get timely business & customer sign-off
  • Pre-built and maintained formats , validations, transformations
  • Built-in test facilities, desktop, batch, enabling early identification of exceptions
  • Automation of compilation, deployment choices, and upgrades process
  • Comprehensive tools for the automation of the upgrading of integration logic as underlying standards and rules change

Flexibility because:

  • The same model generated code can be deployed to run in multiple environments including any middleware infrastructure, proprietary software, open source software, and/or commodity hardware
  • Extend and enhance messages and standards for local or customer variants
  • Configurable message definitions, validations, transformations, enrichments, process flows