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PayGlobal360®

Swift messaging hub

Key Highlights

Multi-institution, multiproduct and multi-currency
Multi-channel support of traditional card and eCommerce, including web and mobile
High-volume processing with high degree of resiliency, high availability for extremely stable and scalable processing architecture
Rule based (Patent Pending) switching and routing to major payments networks, processors and hosts
Powerful authorization scripting engine caters to custom business logic
Full EMV support
Card not present customer electronic payment transaction support
Highly secure and verified against all the know threats with continuous verification
Ready to use endpoints connectors
Ease of integration with various hosts and institutions monitoring applications
PA-SSS compliant and certified
Multiple platform and containers support for deployment and infrastructure independence

Extremely low TCO

Flexible product management

State of the art technology platform

All cloud complaint and ready for processing

Highly resilient, scalable and high-volume performance and processing

Infrastructure independence with various options for deployment

Flexibile, parametrizable and ease of configurations

Future proofs

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.

PayGlobal360®™ Implements out-of-the-box multi-host messaging and translations services between FIN MT and ISO 20022.

PayGlobal360®™ SMH is especially suited to accelerate and simplify the migration to the SWIFT MX standard (ISO 20022). Support for manual or automatic translator selection for any given source message
Direct integration with host for message translation.
Mutli-host implementation

Simplified translation microservices API.

Each translation combination is implemented in a specific component. A straightforward API takes the specific source message as input and returns the created equivalent target message.

PayGlobal360®™SMH brings a huge relief to customers when it comes to rule-based fault tolerant automated translation improving the cost-efficiency of payment processing. High level of parametrization and configurations allows greater flexibility of introducing various business rules.

Enhance Customer Experience

PayGlobal360®™SMH helps ensure consistency of service levels and information across consumer touch points. Automatic message conversions are available for any message in either MT or MX format will return a translated message in real-time.

The application takes advantage of the best-in-systems software for reliability and availability. In addition, PayGlobal360®™SMH can integrate to access the real-time data from any endpoints and execute all rules and perform payments providing the organizations capability to bring down the TTM (TIME TO MARKET).

Business Coverage

PayGlobal360®™STT coverage summary

Credit Transfers and Cash Management

Code	Description	Message Type	Transaction Type
101	Request for Transfer	pain.001	CustomerCreditTransferInitiation
103	Single Customer Credit Transfer	pacs.008	FIToFICustomerCreditTransfer
103.STP	Single Customer Credit Transfer	pacs.008	FIToFICustomerCreditTransfer
202	General Financial Institution Transfer	pacs.009	FinancialInstitutionCreditTransfer
202.COV	General Financial Institution Transfer	pacs.009	FinancialInstitutionCreditTransfer
900	Confirmation of Debit	camt.054	BankToCustomerDebitCreditNotification
910	Confirmation of Credit	camt.054	BankToCustomerDebitCreditNotification
940	Customer Statement Message	camt.053	BankToCustomerStatement
941	Balance Report	camt.052	BankToCustomerAccountReport
942	Interim Transaction Report	camt.052	BankToCustomerAccountReport
950	Statement Message	camt.053	BankToCustomerStatement

Corporate Actions

Code	Description	Message Type	Transaction Type
564	Corporate Action Notification	seev.031	CorporateActionNotification
564	Corporate Action Notification	seev.035	CorporateActionMovementPreliminaryAdvice
564	Corporate Action Notification	seev.039	CorporateActionCancellationAdvice
564	Corporate Action Notification	seev.044	CorporateActionMovementPreliminaryAdviceCancellationAdviceV02Subset
565	Corporate Action Instruction	seev.033	CorporateActionInstruction
565	Corporate Action Instruction	seev.040	CorporateActionInstructionCancellationRequest
566	Corporate Action Confirmation	seev.036	CorporateActionMovementConfirmation
566	Corporate Action Confirmation	seev.037	CorporateActionMovementReversalAdvice
567	Corporate Action Status and Processing Advice	seev.032	CorporateActionEventProcessingStatusAdvice
567	Corporate Action Status and Processing Advice	seev.034	CorporateActionInstructionStatusAdvice
567	Corporate Action Status and Processing Advice	seev.041	CorporateActionInstructionCancellationRequestStatusAdvice
568	Corporate Action Narrative	seev.031	CorporateActionNotificationV02Subset CorporateActionNotification
568	Corporate Action Narrative	seev.038	CorporateActionNarrative

Investment Funds

Code	Description	Message Type	Transaction Type
502	Order to Buy or Sell	setr.004	RedemptionOrder
502	Order to Buy or Sell	setr.010	SubscriptionOrder
509	Trade Status Message	setr.016	OrderCancellationStatusReport
509	Trade Status Message	setr.017	OrderInstructionStatusReport
515	Client Confirmation of Purchase or Sale	setr.006	RedemptionOrderConfirmation
515	Client Confirmation of Purchase or Sale	setr.012	SubscriptionOrderConfirmation

Settlement and Reconciliation

Code	Description	Message Type	Transaction Type
508	Intra-Position Advice	semt.015	IntraPositionMovementConfirmation
508	Intra-Position Advice	semt.020	SecuritiesMessageCancellationAdvice
524	Intra-Position Instruction	semt.013	IntraPositionMovementInstruction
524	Intra-Position Instruction	sese.020	SecuritiesTransactionCancellationRequest
530	Transaction Processing Command	sese.030	SecuritiesSettlementConditionsModificationRequest
535	Statement of Holdings	semt.002	SecuritiesBalanceCustodyReport
535	Statement of Holdings	semt.003	SecuritiesBalanceAccountingReport
535	Statement of Holdings	semt.020	SecuritiesMessageCancellationAdvice
536	Statement of Transactions	semt.017	SecuritiesTransactionPostingReport
536	Statement of Transactions	semt.020	SecuritiesMessageCancellationAdvice
537	Statement of Pending Transactions	semt.018	SecuritiesTransactionPendingReport
537	Statement of Pending Transactions	semt.020	SecuritiesMessageCancellationAdvice
538	Statement of Intra-Position Advices	semt.016	IntraPositionMovementPostingReport
538	Statement of Intra-Position Advices	semt.020	SecuritiesMessageCancellationAdvice
540	Receive Free	sese.020	SecuritiesTransactionCancellationRequest
540	Receive Free	sese.023	SecuritiesSettlementTransactionInstruction
540	Receive Free	sese.033	SecuritiesFinancingInstruction
540	Receive Free	sese.036	SecuritiesFinancingModificationInstruction
541	Receive Against Payment	sese.020	SecuritiesTransactionCancellationRequest
541	Receive Against Payment	sese.023	SecuritiesSettlementTransactionInstruction
541	Receive Against Payment	sese.033	SecuritiesFinancingInstruction
541	Receive Against Payment	sese.036	SecuritiesFinancingModificationInstruction
542	Deliver Free	sese.020	SecuritiesTransactionCancellationRequest
542	Deliver Free	sese.023	SecuritiesSettlementTransactionInstruction
542	Deliver Free	sese.033	SecuritiesFinancingInstruction
542	Deliver Free	sese.036	SecuritiesFinancingModificationInstruction
543	Deliver Against Payment	sese.020	SecuritiesTransactionCancellationRequest
543	Deliver Against Payment	sese.023	SecuritiesSettlementTransactionInstruction
543	Deliver Against Payment	sese.033	SecuritiesFinancingInstruction
543	Deliver Against Payment	sese.036	SecuritiesFinancingModificationInstruction
544	Receive Free Confirmation	semt.020	SecuritiesMessageCancellationAdvice
544	Receive Free Confirmation	sese.025	SecuritiesSettlementTransactionConfirmation
544	Receive Free Confirmation	sese.026	SecuritiesSettlementTransactionReversalAdvice
544	Receive Free Confirmation	sese.035	SecuritiesFinancingConfirmation
545	Receive Against Payment Confirmation	semt.020	SecuritiesMessageCancellationAdvice
545	Receive Against Payment Confirmation	sese.025	SecuritiesSettlementTransactionConfirmation
545	Receive Against Payment Confirmation	sese.026	SecuritiesSettlementTransactionReversalAdvice
545	Receive Against Payment Confirmation	sese.035	SecuritiesFinancingConfirmation
546	Deliver Free Confirmation	semt.020	SecuritiesMessageCancellationAdvice
546	Deliver Free Confirmation	sese.025	SecuritiesSettlementTransactionConfirmation
546	Deliver Free Confirmation	sese.026	SecuritiesSettlementTransactionReversalAdvice
546	Deliver Free Confirmation	sese.035	SecuritiesFinancingConfirmation
547	Deliver Against Payment Confirmationn	semt.020	SecuritiesMessageCancellationAdvice
547	Deliver Against Payment Confirmationn	sese.025	SecuritiesSettlementTransactionConfirmation
547	Deliver Against Payment Confirmationn	sese.026	SecuritiesSettlementTransactionReversalAdvice
547	Deliver Against Payment Confirmation	sese.035	SecuritiesFinancingConfirmation
548	Settlement Status and Processing Advice	semt.014	IntraPositionMovementStatusAdvice
548	Settlement Status and Processing Advice	sese.022	SecuritiesStatusOrStatementQueryStatusAdvice
548	Settlement Status and Processing Advice	sese.024	SecuritiesSettlementTransactionStatusAdvice
548	Settlement Status and Processing Advice	sese.027	SecuritiesTransactionCancellationRequestStatusAdvice
548	Settlement Status and Processing Advice	sese.031	SecuritiesSettlementConditionModificationStatusAdvice
548	Settlement Status and Processing Advice	sese.032	SecuritiesSettlementTransactionGenerationNotification
548	Settlement Status and Processing Advice	sese.034	SecuritiesFinancingStatusAdvice
549	Request for Statement/Status Advice	semt.021	SecuritiesStatementQuery
549	Request for Statement/Status Advice	sese.021	SecuritiesTransactionStatusQuery
578	Settlement Allegement	semt.020	SecuritiesMessageCancellationAdvice
578	Settlement Allegement	sese.028	SecuritiesSettlementTransactionAllegementNotification
578	Settlement Allegement	sese.029	SecuritiesSettlementAllegementRemovalAdvice
586	Statement of Settlement Allegementst	semt.019	SecuritiesSettlementTransactionAllegementReport
586	Statement of Settlement Allegementst	semt.020	SecuritiesMessageCancellationAdvice
586	Statement of Settlement Allegementst	sese.037	PortfolioTransferNotification

Foreign Exchange

Code	Description	Message Type	Transaction Type
502	Order to Buy or Sell	setr.004	RedemptionOrder
502	Order to Buy or Sell	setr.010	SubscriptionOrder
509	Trade Status Message	setr.016	OrderCancellationStatusReport
509	Trade Status Message	setr.017	OrderInstructionStatusReport
515	Client Confirmation of Purchase or Sale	setr.006	RedemptionOrderConfirmation
515	Client Confirmation of Purchase or Sale	setr.012	SubscriptionOrderConfirmation

System Message

Code	Description	Message Type	Transaction Type
012	Sender Notification	xsys.002	Y-Copy Authorisation Notification
019	Abort Notification	xsys.003	Y-Copy Refusal Notification
019	Abort Notification	xsys.012	Failed Delivery Notification

Technology levers

Platform independence for lower total cost of ownership

Financial institutions are spending more on infrastructure and platforms every year than ever before which means the platform running are lacking the drivers of future proofs and technological upgrade. The need to reduce dependency on aging systems as well as lower hardware, operating system and maintenance costs has become paramount. PayGlobal360®™STT by leveraging multi-environment, estimate that institutions can reduce technology operating costs by considerable margin while enjoying the same performance, scalability, reliability and high availability. PayGlobal360®™STT also operates on HP Unix, IBM Series p and Oracle Sun servers.

Payments In The Cloud

PayGlobal360®™STT is available on premise or in a virtual private cloud environment. PayNways Worldwide provides world-class, cloud-based payment solutions and is tested on all major industry standards clouds and services is ready to be used by any organizations around the world to reduce time to market and minimize technical, operational and business risk. Virtual Private cloud-enabled services help organizations to plan the growth, introduction of various product into market and increase and expand business and customer offerings.

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