The Payment Hub

Receive messages, of any type, in any format, from any source point. These can be individual transactions or files of transactions. Take the messages, log them, pass to fraud checking, if required, and add business data and rules to the messages. Reformat the messages into any outgoing format. Send the messages to any endpoint, in any format required, anywhere in the world. As an individual transaction or a file of transactions. Repeat the process in reverse if there is any message reply coming back for the endpoint to go to the source point.

As financial institutions examine their existing payments infrastructure, they often find it overly complex, rigid, and outdated given the demands of today and tomorrow. Existing systems often lack the flexibility required to accommodate change. Cost-effective modifications to payment components, required by changing markets, are not possible in the current framework.

The introduction of a Payment Hub into existing payments infrastructure provides both the flexibility to support future changes as well as the reusability of existing infrastructure components. A Payments Hub turns a silo-based infrastructure into an Enterprise Payments solution, through a process of managed migration.

The Payment Hub will operate from a secure, regulated data centers with access to global networking facilities.

The formats supported cover all of the standard banking and retail transaction formats. However new formats can be developed to support any customers requirements.  It also provides card based remittance services in order to offer more secure and less expensive money transfer.