TCS BaNCS - Payments
The Payments solution from TCS BaNCS enables institutions to efficiently manage their payments and cash management needs across multiple markets operating across time zones.
Our SWIFT-certified Payments solution from TCS BaNCS is an integrated multi-entity, multi-currency, multi-product and Straight Though Processing (STP)-oriented offering. This enables financial institutions to process multiple payments products on a common platform across countries.
- Proven payments hub capabilities - multiple entity, product, currency, country and language support with centralized operations
- Superior STP rates on processing of payments with the ability to validate BIC and IBAN using the SWIFT BICPlus IBAN directory and services, third-party bank settlement instruction directory, and local clearing directories linked with BIC addresses
- Superior channel and clearing, system-agnostic processing
- Provision of widgets, dashboards, wizards and configurable work queues to manage exceptions and increase productivity
- Rule-based pricing engine allowing for flexible fees and charge definition and relationship-based pricing
- Flow for black-list checks integrated at the core of payment transaction process in compliance with the OFAC and other guidelines
- Correspondent banking
- Wire transfers
- ACH processing
- Direct debits
- Electronic clearing and cash management. It enables future proofing through its J2EE framework and Service Oriented Architecture (SOA)-based integration.
- A consolidated payments hub for multiple payment processing
- Easy access and connectivity across channels
- Flexibility in deploying components across multiple entities
- A centralized view and control of all payments processed by a bank
- Reduced maintenance and ownership costs associated with a traditional silo-based payments infrastructure
- Reduced risk exposure and shorter time-to-market
- Parameter and rule-based setup
- Enhanced operational efficiency and customer experience
- Future proofing, with its extensible and scalable architecture, parameter-driven setup and tool-driven development approach to payment processing