Product Update | January 2024
Enterprise Payments Channel
Product Update | January 2024
Inbound RPP is now ready for bank corporate clients
Electrum's Enterprise Payments Channel (EPC) solution allows bank participants to process inbound RPP transactions for their corporate clients.
Rapid Payments Programme:
Corporate client participation in inbound pay-by-proxy
Modern self-service developer integration experience
Testing Platform for self-service corporate client testing
Bi-directional reconciliation with each corporate client
Get To Market Fast
Your corporate clients can integrate easily and safely into your system for processing RPP transactions. The EPC solution provides a robust integration layer that enables more clients to be added. Additional channels and features can be added iteratively for your corporate clients to access - without impacting your core banking components.
Inbound pay-by-proxy based on a corporate client domain
Synchronous processing of proxy resolution with corporate client's customer accounts system
Real-time payment outcome notifications for corporate clients
Streamlined implementation
Implementation of the service is made as simple as possible for each corporate client. Our dedicated EPC Developer Portal is open to your corporate client's design, development, and testing teams, and provides a comprehensive set of OpenAPI specifications and supporting collateral. A well-designed, step-by-step onboarding process managed by a dedicated Electrum onboarding team takes your corporate clients through their implementation and conformance testing journey with no burden on you as the sponsor bank.
Back Office Tools
Electrum’s Back Office performs bi-directional transaction reconciliation of all RPP payments with each of your corporate client separately. Remove the burden from your own reconciliation systems and reconcile and report separately with each client.
Operators can use the Electrum console to:
Monitor reconciliation results
Manage exceptions (protected by a four-eyes-approval process as well as full audit logging)
View and download reconciliation reports
View and troubleshoot all your corporate client's RPP transactions
Coming Soon
The next release of Electrum’s Enterprise Payments Channel solution for banks
EFT processing (debits and credits), including Check Digit Verification (CDV)
Support for proxy management (enlisting and delisting of proxies with BankservAfrica) by corporate clients
Support for corporate client participation in payment authorisation of inbound payments
Chat With Us
We would love to hear from you regarding any feature enhancements or additions you would like to see added to our Payments offering.
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