Transforming Local Payments with Instant Solutions
iASPEC Instant Payment Solutions assist banks in meeting local regulatory requirements. The platform incorporates technology that facilitates seamless transaction processing, including integration with core banking systems for automated posting and reversal.
How It Works
ECFPS consists of a group of micro-services offering comprehensive functions for interbank payment services, guarantees reliability in mission-critical banking environments.
Case Studies
Examine instances where banks have realized up to 50 percent enhancements in transaction speeds through deployment of these solutions.
Revolutionizing Local Instant Payment Solutions for Banks
iASPEC Instant Payment Solutions allow banks to handle local instant payment specifications while adhering to standards from regulatory authorities. The focus remains on transaction speed and reliability to support operational continuity and customer engagement.
Why choose our Instant Payment Solutions
iASPEC Instant Payment Solutions facilitate banks in complying with local regulatory standards. These systems are built for performance, enabling swift transactions with compliance integration.
System Availability
Payment Processing Time
Transaction Through-Put
System Operation
Features of iASPEC Instant Payment Solutions
We guarantees the reliability in mission-critical banking environments, complete with a robust Back Office Administration (BOA) console for end-to-end management:
01
Real-Time Transactions
Implement instant payment functions for immediate fund transfer. This supports customer access to funds without delay, which contributes to satisfaction levels.
02
Bulk Payment Processing
Process high volumes of transactions via a dedicated bulk feature. This capability allows banks to consolidate multiple payments, which minimises time and resource expenditure.
03
Payee Proxy Address
iASPEC's ECFPS enables payee proxy addressing, supporting registration of IDs like email, mobile, HKID, and QR codes for secure, efficient payments.
04
Direct Debit Authorization
iASPEC's ECFPS supports eDDA for direct debits, offering simplified/standard authorizations with auto/manual handling, alerts, and SLA compliance.
Bulk Payment Processing
iASPEC Instant Payment Solutions are customized for banking needs, ensuring alignment with local regulations. Deployment options include on-premises, cloud, or hybrid models.
The architecture features the EnterpriseConnect (FPS) core application engine, which integrates with central clearing houses and core banking systems. Key components include messaging queues for real-time or batch processing, hardware security modules for certificate protection, and APIs for seamless connections to online and mobile banking platforms.
This structure supports scalability through load-sharing or standby configurations. It incorporates automatic recovery mechanisms to handle system interruptions without data loss.
How Our Solutions Work
Our solutions utilize advanced technology to facilitate instant payments. Interactive infographics simplify complex processes for better understanding.
Cheque Clearing
Discover how our instant payment solutions have transformed banking operations. Our case studies highlight significant improvements in efficiency and compliance.
Payment Processing Services
Instant payment solution supporting Credit Transfer, Direct Debit, Refund/Return, etc. Addressing service for Payee Proxy ID registration, enquiry, lookup etc.
Operational Management Tools
Comprehensive BOA for reconciliation payment services monitoring.
Integration and Security Framework
API-exposed abstraction for core system integration. ISO 20022 messaging with HSM-integrated security.
Our Industry Recognition: SWIFT accredited Enabler Partners
Our solutions is a CBPR+ ready, accredited by SWIFT enabler partners program, support all payment related to MX messages and its MT counterpart.
