Solutions
Clearing House Payments Modernisation for Existing Banks
Solutions
Trusted technology for your payments modernisation
Leverage cloud-native technology to modernise your payments capabilities.
Electrum’s modular solutions allow a bank to iteratively establish a robust, future-proof processing solution for BankservAfrica payment rails that is ready for high-volume processing.
Ensure your systems keep up
A committed local partner
Electrum is a local provider who partners closely with our clients and design solutions specifically for South African rails and use cases
Complete observability
Comprehensive PayOps and Insights dashboards for tracking, tracing, and business intelligence observability
Proven scalability
With a solution built in the cloud using the latest technology and designed to support the latest payment rails, you can be ready to process high transaction volumes and adopt industry changes seamlessly
Partnerships
BankservAfrica’s Rapid Payments Programme Testing Platform, utilised by all South African banks in their PayShap implementation journeys, was built by Electrum.
Cloud-native, high-volume processing
A modular solution that incorporates:
Payment initiation,
Engine processing with all internal systems, and
Integration with BankservAfrica for all clearing house payments.
Clearing House Payments Modernisation
Modular technology to fit your needs
Iteratively modernise your capabilities by implementing a part of, or all of, Electrum’s Clearing House Payments solution to best suit your needs. Electrum’s payments technology seamlessly integrates with internal bank systems.
1
Payments Initiation Layer
Electrum’s multi-scheme payments initiation layer provides a single integration point for all supported schemes across multiple channels
ISO 20022-based, OpenAPI-compliant interface
Integration points for bank-specific initiation processing
Real-time, always-on tracking and tracing at a message- and file-level
2
Payments Execution Engine
Electrum’s 4th generation payments engine is built for the latest BankservAfrica payment schemes
ISO 20022 compatibility across all schemes for both financial and non-financial messaging
Workflow- and SLA-management
Complex authorisation, orchestration, posting and exception handling capabilities
Enforcement of scheme rules and industry calendars
CDV, Proxy, RTP and QR resolution capabilities
Real-time, always-on tracking and tracing at a message- and file-level
3
Industry Gateway
Electrum’s industry gateway allows you to adopt the latest BankservAfrica rails without affecting your payments execution infrastructure
Message and protocol translations to ensure backwards- and forwards-compatibility with industry technologies
File transport and processing window management
Industry health checks and observability
Real-time, always-on tracking and tracing at a message- and file-level
Electrum’s Clearing House Payments Solution
Next-Generation Technology
Agility that enables speed to market
Reduced complexity and open connectivity
Resilient and efficient scalability
Why Electrum
Thinking globally acting locally
Electrum focuses primarily on the South African payments landscape and we work closely with our clients to understand their business cases and unique requirements.
On-soil support in South Africa
Deep understanding of South African consumer use cases for payment journeys
Close relationships with South African Tier 1 banks
Keep up with the latest trends
Built with the agility to support new and emerging transaction types, specifically when it comes to handling high-volume, low-value transactions.
Don't let your existing system hold you back!
