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Tietoevry Instant Payments for Participants

Launch new products and services in the real-time environment of connected commerce

Anytime, anywhere and on any device

The world of connected commerce is an integrated shopping experience allowing transactions to occur anytime, anywhere and on any device. Originating from retail payments, the same notion is applied also to corporate world, since all – instant, seamless, connected, and inter-related payments has become an integral part of business. Emerging alternative payment methods requires banks and payment service providers to adopt their payment solutions to be able to offer to their customers freedom of choice of payment rails – cards, account to account or even digital currencies.

Edgars Bremze

Lead strategic product manager, Payments

Instant Payments for Participants

The solution ensures a seamless connection to instant payments platform ensuring 24/7 service availability. Additional capabilities like digital bank wallet accounts for stand-in, e-commerce portal, mobile applications for consumers and merchants enables fast and easy onboarding of the new services.

After connecting to the platform, banks can offer new use cases to its customers like Buy Now Pay Later (BNPL), QR payments, e-commerce payments, P2P payments, mobile payments, variable recurring payments (VRPs) and many more.

The solution supports Credit transfer, Request To Pay, Investigation, Proxy messages according to multiple payment schemas standards.

Solution is cloud native and could be delivered on public cloud, also as SaaS, private cloud or on-premises installation.

 

Key features

Variety of value-added services will ensure profitable payment business for platform users – banks and PSPs.

Future growth

Variety of value-added services will ensure profitable payment business for platform users – banks and PSPs.

Built in compliance with multiple real time payment schemas, cloud native solution architecture and SaaS delivery model ensures fast and seamless onboarding for new service.

Fast onboarding

Built in compliance with multiple real time payment schemas, cloud native solution architecture and SaaS delivery model ensures fast and seamless onboarding for new service.

The solution ensures continuous and reliable payment processing for banks and PSP. Also, an immediate funds availability for their customers within their core banking accounts or IPFP wallet accounts.

365x7x24 availability

The solution ensures continuous and reliable payment processing for banks and PSP. Also, an immediate funds availability for their customers within their core banking accounts or IPFP wallet accounts.

Benefits for your customers

Consumers

• Easy and fast onboarding • Mobile payments for any use case • Risk control – spending limits, trusted payees, risk-based authentication • Real-time balance and availability • Integrated loyalty programs • BNPL products – revolving & instalments • Account grouping (e.g. family products) • Extensive data tools (digital receipts, invoices)

Merchants

• Consolidated acquiring of all payment methods (cards, account to account, CBDCs) • Instant availability of funds • Instant push notifications • Clear and personalized clearing, settlement and reporting • Manage funds from mobile application and web portal • Increased sales

Corporations

• Digital payment overlay services for liquidity management, ERP integration, invoice and accounts payable management • Request to Pay (QR, pay by link) processing according schema rule book • Extend to full pledge corporate payment platform (corporate payments & liquidity management) • Instant payouts (incl. Payee validation) • Utility payment processing • Bulk payouts

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Tietoevry Banking accelerating payment software

As a frontrunner in the financial industry, Tietoevry Banking delivers real-time payment solutions on public clouds and partnering with IBM

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