The payments landscape across the globe is witnessing dynamic growth and evolution, such as never seen before. Financial institutions, today, work with highly fragmented payment systems running multiple applications for different types of payments across different lines of business and locations. Regulatory directives and changing customer preferences have forced institutions to rethink their approach to payments and payments processing, while the need for cost-effective solutions remains of utmost importance.
All this, combined with the pressure from corporates, has forced the need for payments services that are faster, more accurate, and economical. Further, there is an increasing demand for an enterprise- wide approach to payments, rather than a siloed view. The need for standardization, visibility, processing speed and accuracy, and increased compliance reporting has also placed additional demands on existing payments technologies and infrastructure.
In response, banks are contemplating efforts to streamline and consolidate all aspects of the payments value chain, from initiation to processing to gateway to messaging, a large and complex undertaking. Payment gateways are being consolidated to process all payments traffic centrally, including credit cards, retail payments, clearing houses, worldwide and Mexican standard networks such as SWIFT (FIN and SWIFTNet), INTERBANKING, FX, ACH and DIGITAL CHANNELS.
PayGlobal360®™ EPP
PayGlobal360 is a powerful transactional platform, designed to offer the best transactional processing experience for Banks, Financial Institutions, Fintech and companies for the digital transformation of their Payments and Collections.
PayGlobal360®™ EPP is a unified platform for providing the integrated solution for financial institutions, processors and merchants for end-to-end routing and switching transactions across multiple channels.
Platform is highly flexible rule based with capability to support full range of functionality to perform any type of electronic payment transactions which also includes transactions at the branch, mobile, ecommerce and internet banking.
PayGlobal360®™ EPP brings the state of art payments platform with simplified processing and is future proofs from various experiences of the customers.
Simplified Automated Processing
PayGlobal360®™EPP brings a huge relief to customers when it comes to rule-based fault tolerant automated processing improving the cost-efficiency of payment processing. Single unified platform for hybrid processing of any transaction types eliminating the cost and complexity to invest in multiple platforms. High level of parametrization and configurations allows greater flexibility of introducing various business product with extremely low TCO.
Enhance Customer Experience
PayGlobal360®™ EPP helps ensure consistency of service levels and information across consumer touch points. The fault-tolerant application takes advantage of the best-in-systems software for reliability and availability. In addition, PayGlobal360®™EPP can integrate to access the real-time data from any endpoints and execute fraud rules and perform payments analysis providing the organizations capability to bring down the payments risk and increase their profits.
Business Coverage
PayGlobal360®™ EPP coverage for Payments, Collection and Open Banking along with middleware integration provides any financial institution extremely flexible product management and processing platform.
PayGlobal360®™ EPP COVERAGE FOR PAYMENTS
INTERBANKING, processes all outgoing and incoming LCY payments connects to CENTRAL BANK, provides validation, monitoring and review of payments.
FX PAYMENTS, processes all outgoing and incoming FCY dollar payments connects to CENTRAL / SWIFT, provides validation, monitoring and review of payments, clients and authorized accounts.
SWIFT module that manages the internal operation of the company, processes of sending and receiving payments to the SWIFT network, validation of transactions, monitoring and consultation of operations by the operational areas.
PAYROLL PROCESSING (Internal payments, ACH, REFERENCE PAYMENTS), module that allows to receive payroll files for corporate payroll, in different internal and interbank modalities through INTERBANKING or ACH.
THIRD PARTIES INTERNAL TRANSFERS (Book to Book), a module that manages transactions between accounts of the same company, making the corresponding charges and payments in the bank's Core system. It allows the validation of transactions, monitoring and consultation of operations by the operational areas.
REFERENCED PAYMENTS, a module that allows to receive and process referenced payment orders from customers for cash to the branches of the company or bank. It allows the validation of transactions, monitoring and review of operations.
DIGITAL CHANNEL, module that enables bank or company operations through the transaction routes or business models.
PayGlobal360®™ EPP Coverage For Collections
DIRECT DEBIT (ACH), module that manages the internal operation of the company, processes of sending and receiving direct debit files that are exchanged with CECOBAN, as well as the concentration of cash charging to the internal accounts of the bank or company.
SERVICE PAYMENTS (Referenced), this module allows receiving payments from the company's clients and processing them through the bank's CORE systems, or by connecting to external providers that carry out the operation.
STATE AND FED TAX PAYMENTS (ONLINE Capture), this module allows receiving payments from the company's clients and processing them through the bank's CORE systems, or by connecting to external providers that carry out the operation.
TAX PAYMENTS (Batch and Online), with this module system can receive files or payments, validate them according to the rules
Open Banking Ready
The Open Banking family includes the business module that allows organizing, orchestrating and exposing the consulting and transactional APIs of the company, which can give access to clients, Fintech or external entities that, based on Fintech regulation, can interact in a safe way with the company to offer value-added services to its clients. In addition to the Mexican regulation for open banking, PayGlobal360 is aligned to the most advanced standards in the industry, such as those established by PSD2 for the United Kingdom, making its components.
Cash Management & Transaction Banking Add On
ACCOUNT SERVICES (Consultations of balances, movements, account statements, called "Account Services"), this module considers the standardization and orchestration of consultations of balances, movements and account statements of checking accounts and investments of customers in the bank, to be consulted through the CMS system.
FEDERAL TAX PAYMENTS (Referenced Payments TAX and DPA), a module that allows CMS to receive Federal tax payments from clients, either through the online interaction model (DPA) or payment through capture lines and referenced payments of services, especially monthly tax returns and other services defined by the TAX.
FOREX OPERATIONS (Operations services with the purchase / sale of currencies), a module that interacts with the bank's Treasury system, with which the purchase / sale of currencies available to clients can be quoted, as well as instructing the transfer of funds to accounts in the destination currency within the bank's CORE system.
INVESTMENTS DASHBOARDS (Term Business Investments), a module that manages and gives visibility to the operational areas, customer service or support, on the term investments of the bank's clients, which can be managed through the CMS system with the system Internal Investment.
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