REAL TIME PAYMENTS ENGINE

MODULAR, OPEN PLATFORM
PROCESSES & COMPLETES PAYMENTS IN REAL TIME
INTEGRATES EASILY WITH EXISTING CORE BANKING SYSTEMS

Delivers end-to-end processing from order acceptance to processing to completion in real time, delivering high degrees of process automation.

The payments landscape is undergoing significant transformation and the industry will continue to evolve with initiatives to modernize payments processing. Market trends, fintech disruptors and new entrants pose as both threats and opportunities to the traditional players in the industry. The introduction of SEPA for a simplified and efficient framework in the payments industry was the beginning of an innovation wave that required the support of new processes, formats and interfaces. With PSD2, banks are required to grant access to third-party providers of a customer’s online account in a regulated and secure way, or offer new services themselves creating competition amongst the players. The "Instant Payments" initiative reflects the shift in consumer expectation and digital maturity in the payments industry. Consumer expectations and regulatory pressures bring forward many challenges. But there are other aspects of the payments industry that add their own, unique challenges. Being equipped with the right tools and technology will provide a definite advantage in terms of connectivity, security and, to put it simply, the ease of doing business.

Dion Real time payment engine
The evolution of the payments industry has been mirrored by the development and successful implementation of Dion’s Real Time Payment Engine (RTPE).
  • an open platform and modular payment hub that supports processing and completion of payments in real time.
  • complements any existing core banking system at the bank.
  • supplements missing and inefficient processes so that they fit into the target architecture of the bank.
  • has comprehensive integration capability to receive orders from all participants.
  • has a modular structure, allowing banks to choose specific solutions to cater to their specific requirements.

 

 

 

BUSINESS VALUE

Real time payment processing

Compliance

Compliance

Compliance processes can be integrated (e.g. AML); processing steps are documented

Modular design

Modular design

Architecture allows to add new modules later on

Efficiency

Efficiency

High data quality, save resources

Scalability

Scalability

Adapts to available budget: Scales from branch solution to enterprise payment hub

Automation

Automation

Highest level of STP possible

Flexibility

Flexibility

Ease of customization to local requirements

Open and future proof solution for processing of payments which allows banks to save existing investments

 

RTPE SEPA MODULE

It allows the processing of SEPA payments (SCT), direct debits (SDD) and card payments (SCC) including the associated R-transactions such as rejects, recalls or returns. Instructions from clients are accepted in ISO20022 pain formats, processed in the RTPE and subsequently passed on to clearing houses in pacs and camt formats.

RTPE SWIFT MODULE

It allows the processing of payments in foreign currency. Payments are accepted, checked and processed in SWIFT formats. Outgoing payments are also forwarded to the correspondent banks in SWIFT formatted messages. RTPE has corresponding interfaces to the SWIFT gateways (such as SWIFT Alliance). In addition to foreign currency payments, RTPE can also send large amounts to the ECB's Target2 system.

RTPE DOMESTIC PAYMENT MODULE

RTPE has interfaces to several national banks for processing domestic payments as well as a framework to support further clearing formats and to integrate the RTPE to other clearing houses.

RTPE CGI MODULE

It allows corporate customers to submit all forms of payment (SEPA, international payments, domestic payments, express payments, and large amounts) to the bank. The advantage is that companies can submit payments using a single format to all home banks that support CGI.

RTPE is a central hub for the payments processing, can adapt to the existing system landscape of the Bank.

RTPE PSD2 MODULE

It allows the TPP to be connected to the RTPE as a central hub for all payment formats. This means that communication with all TPPs in the RTPE can be channelled, and the core banking systems do not have to be changed. Dion Global’s RTPE solution provides automated communication between TPP, banking systems and clearing houses. RTPE is responsible for the control of PSD2 relevant processes.

RTPE INSTANT PAYMENTS MODULE

RTPE solution processes payments in real time. Incoming payment instructions are processed immediately and posted. The solution will soon support the Instant Payment Schemes for "EBA SCT Inst" and "TIPS (Target Instant Payment System)" as well as other national real-time payment systems.

Customer speaks

     At Slovenská sporiteľňa, a member of Erste Group, we are committed to providing our customers with high-quality services and to ensuring full compliance with regulatory requirements. The European payments landscape is undergoing a significant revolution. We were therefore looking for a system that would help our bank to face all challenges and to remain a stable financial partner for our clients. With Dion’s RTPE, we now have cost-efficient solution that fully meets our requirements.    

Katarina Kellenbergerová
Head of Payments and Settlement Division | Slovenská sporiteľňa



For a demo of our solution, write to us at connect@dionglobal.com

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