Faster payments for retail banks
In today’s digitalized, fast-paced world, your customers want faster payments services to match their always-on consumer services. They want to know their funds can be transferred instantly, securely and without fuss. As the implementation of Faster Payments services - or real-time ACH transactions - increases around the world, banks need to augment and replace batch-based ACH and check systems with transaction services that can handle customers’ requests in real time. Banks are looking to deploy technology that can enable them to connect to the central infrastructure of the real-time payments service and have the ability to integrate with AML, fraud detection and other systems while following the orchestration that is required by the scheme.
Workflow authorization process with graphical display of each step making it easy to view and change the processing logic for each transaction
Mapping technology allows the quick creation and management of connections to internal and external systems such as AML, core banking, fraud detection and channel systems
Deploy as a simple gateway for connectivity to the scheme or a full transaction processing hub for outgoing and incoming real time transactions
In Depth
Authentic acts as your gateway service, interfacing with your central infrastructure and enabling a single point of focus for your bank. Authentic was built to be a highly configurable and highly interoperable system: it can be tightly integrated with other internal systems, to import information from your internet banking, branch and other transaction initiation systems. It also connects to your core banking and other systems to export the data needed to post transactions once complete. Crucially it integrates with your fraud detection and prevention solutions to protect you and your customers in the face of immediate value transfer.
With Authentic, the APTRA Passport products for clearing and settlement services, and Fractals for fraud detection, NCR can provide the complete solution needed for your faster payments project.