Tietoevry Instant Payments Solution offers accessibility via open APIs and international standards, such as ISO20022. This enables payment service providers to easily connect to the system and promotes the creation of new and innovative market services. The Instant Payment Solution is based on microservices architecture and creates efficiency gains from the re-use of services, components, and interfaces. High availability, security, data protection and compliance are the key cornerstones of our solution.

Key Features

Request to pay

Get the full request-to-pay advantage by leveraging the intelligence of instant information flows. Utilize ISO20022 based request to pay message processing, based on EPC specifications.

Proxy service

Create a central reference facility of alternative IDs for IBAN, be it mobile, tax, social media or e-mail address. Ensure lifecycle management and role-based access for participants. Configure according to local schemes and data fields specifics.

Financial crime prevention

Fight financial crime with on-line transaction data screening against potential fraud and money laundering cases and rule-based transaction screening against known fraud cases and internal/external blacklists. AI models for new rule identification, add an extra layer of protection.

Liquidity management

Get more from managing on-line liquidity positions. Ensure real time clearing of processed messages according to available limits within participant accounts, notifications on upper/lower limit positions, and automatic initiation with a settlement service.

Mobile platform and application

Comes with full mobile application management for Android and IoS, with broad feature set including user management, payments, merchants, authentication, statistics, notifications, and monitoring. The system also supports API based integration with mobile applications.

Connectivity to external schemes

Connect to a wide range of external schemas such as EBA RT1, TIPS, P27 and many more for ultimate flexibility. Routing of incoming messages to/from external schemas is based on pre-defined routing rules.

Connectivity to central infrastructure

Deliver instant payments and connected services to merchants and end customers. Our solution ensures straightforward participant connectivity to central infrastructure for actors across a nation.

Benefits

Value-added services

Create new payment transaction flows and introduce a wide range of use cases such as request to pay, welfare payments, salary payments and proxy-based payments.

Strategic guidance

By collaborating with customers, we identify business opportunities and build a strategic plan for growth, based on your needs, market, and benchmarks from instant payments schemes around the world.

Growth readiness

The openness and flexibility of the software architecture enables scalability and easy configuration, allowing for a fast go-to-market strategy and continued growth opportunities.