Payment processing
Move from siloed payment processing to one consolidated, unified payment solution, providing greater efficiency.
Build an open, secure and interoperable instant payments infrastructure
Tietoevry Instant Payments Solution enables real-time account-based payment transactions. By delivering instant transactions for all market participants, you can bring new benefits to businesses and citizens, and ensure payments can flow quickly and safely wherever they are needed, through a variety of payment instruments and methods.
Our Instant Payments Solution offers accessibility via open APIs and international standards, such as ISO20022. This enables payment service providers to easily connect to the system and promotes the creation of new and innovative market services.
The Instant Payment Solution is based on microservices architecture and creates efficiency gains from the re-use of services, components, and interfaces. High availability, security, data protection and compliance are the key cornerstones of our Instant Payments Solution.
Petri Syvänne
Head of Global Sales, Payment Solutions
Key benefits
Value-added services
Create new payment transaction flows and introduce a wide range of use cases such as request to pay, welfare payments, salary payments and proxy-based payments.
Strategic guidance
By collaborating with customers we identify business opportunities and build a strategic plan for growth, based on your needs, market, and benchmarks from instant payments schemes around the world.
Growth readiness
The openness and flexibility of the software architecture enables scalability and easy configuration, allowing for a fast go-to-market strategy and continued growth opportunities.
Key features
Request to Pay
Get the full request-to-pay advantage by leveraging the intelligence of instant information flows. Utilize ISO20022 based request to pay message processing, based on EPC specifications.
Proxy Service
Create a central reference facility of alternative IDs for IBAN, be it mobile, tax, social media or e-mail address. Ensure lifecycle management and role-based access for participants. Configure according to local schemes and data fields specifics.
Financial Crime Prevention
Fight financial crime with on-line transaction data screening against potential fraud and money laundering cases and rule-based transaction screening against known fraud cases and internal/external blacklists. AI models for new rule identification, add an extra layer of protection.
Liquidity Management
Get more from managing on-line liquidity positions. Ensure real time clearing of processed messages according to available limits within participant accounts, notifications on upper/lower limit positions, and automatic initiation with a settlement service.
Mobile platform and application
Comes with full mobile application management for Android and IoS, with broad feature set including user management, payments, merchants, authentication, statistics, notifications, and monitoring. The system also supports API based integration with mobile applications.
Connectivity to external schemes
Connect to a wide range of external schemas such as EBA RT1, TIPS, P27 and many more for ultimate flexibility. Routing of incoming messages to/from external schemas is based on pre-defined routing rules.
Connectivity to central infrastructure
Deliver instant payments and connected services to merchants and end customers. Our solution ensures straightforward participant connectivity to central infrastructure for actors across a nation.
In the spotlight
Maldives Monetary Authority to implement an Instant Payments System
The Instant Payments System in the Maldives will be based on Tietoevry’s Instant Payments Solution.
Read the newsWhy banks must leverage value-added services
Ilkka Korkiakoski shares how banks can build better customer relationships by offering payment services that meet client needs.
Read moreHow to design the real-time payment systems of the future
There are five key areas that financial institutions should be focusing on now to develop future-proof, real-time systems.
Read moreThe value-added services that are fueling real-time payments
As services expand to meet current and future use cases, the adoption of real-time payments continues to grow.
Read moreRelated products and services
26 Jan
2022
Other news
Tietoevry recognized as a Challenger in the Omdia report
24 Jan
2022
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Tietoevry named a Nordic Leader in Digital Banking Services by analyst firm ISG
4 Jan
2022
Press release
Kenya upgrades its real-time payments infrastructure
20 Dec
2021
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