Instant payment infrastructure

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Overview

Tieto Instant Payment Solution covers all aspects necessary for setting up a fully-featured national payment solution enabling real time account to account customer fund transfers based on SEPA Instant Credit Transfer and ISO20022 standards. Tieto Instant Payment Solution provides powerful platform for payment processing, as well as includes business solutions that ensure a timely response to the digitalization challenges of the modern world.

Key Features

Solution provides instant, account-based payments for central infrastructure that is based on SEPA Instant Credit Transfer requirements.

  • Immediate, irrevocable account-to-account payments.
  • Support of various transfer methods (P2P,P2B, B2P, B2B).
  • Multi-currency and multi institution compatibility.
  • Flexibility and configurability - country and specific payment scheme compliance is easy to achieve.
  • High volume processing with high availability and fault-tolerant software.
  • Interbank Clearing and Settlement, including Interbank and Processing fee calculation.
  • Fraud management, including liquidity monitoring, counterparty status and operational monitorings.
  • Bank and Customer account management.

Key Benefits

  • High availability (24/7/365) real-time clearing and settlement.
  • Based on ISO 20022:2013 standard.
  • Open and flexible software architecture.
  • Stand-In processing.
  • Certificate management.
  • Message format conversion.
  • Data Tokenization.
  • Open API for data access, transmission, exchange.