TCS BaNCS - Payments

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Overview

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.

Key Features

  • 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.

Key Benefits

  • 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

Product/Service details

SOLUTION OR SERVICE TYPE
Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America