Solutions
Enterprise Payments Channel
Solutions
Be first to market with a multi use-case modernised payments channel
Electrum’s Enterprise Payments Channel enables banks to extend their BankservAfrica payment processing rails to corporate clients — enabling next generation real-time payments.
This cloud-native payments channel for commercial banks offers rapid onboarding supported by a self-service test simulator, instruction processing, tracking and tracing, full reconciliation functionality and real-time observability - all getting you to market, fast.
With a dedicated team provided by Electrum, commercial banks can customise their corporate client offering with the options of payment streams corporate clients can participate in, including real-time payment schemes for disbursements, request-to-pay for collections and Payshap for inbound receipts.
Electrum’s proven ability to onboard partners onto Bank Payment Services within 4 - 6 weeks will help you achieve speed to market.
Speed to market through simplified payments integration
Experience simplified payment integration whether adding new corporate clients or when corporate clients want to expand their services, ensuring speed to market.
Seamless onboarding for your corporate clients
Efficiently onboard corporate clients; ensuring that you achieve optimal market presence.
Fast-track your corporate client’s growth with minimal exposure to your core systems
A scalable solution for corporate clients with minimal burden on bank resources, so they can participate in all clearing house payment schemes with ease.
Partnerships
BankservAfrica’s Rapid Payments Programme Testing Platform, utilised by all South African banks in their PayShap implementation journeys, was built by Electrum.
A feature-rich integration channel across use cases
A future-fit, modernised integration layer for all use cases
Real-time disbursements for corporate clients
Disbursements
Access to real-time payment schemes such as PayShap is more important than ever. Corporate clients have more choice than before in terms of their banking partnerships and being able to provide access to PayShap and other real-time payments for disbursements is becoming mission critical.
Included features
Real-time initiation of PayShap, RTC and EFT instructions via a single integration
Single or bulk submission of instructions
Real-time payment outcome notifications
End-of-day mark-off file generation and distribution
Supported Streams
Modernised collections for corporate clients
Collections
The introduction of PayShap request-to-pay is causing corporate clients to rethink their approach to collections; seeking a single API-enabled integration for both traditional collections as well as modern services such as request-to-pay.
Included features
EFT, AVS-R and PayShap collections via a single integration
Single or bulk submission of instructions
Request-to-pay lifecycle management
Real-time credit notifications
End-of-day mark-off file generation and distribution
Supported Streams
Automated receipts for corporate clients
Receipts
Corporate clients require the ability to receive real-time payments from their customers and to reconcile them automatically. The use of services such as PayShap custom proxies, combined with rich ISO 20022-based end-of-day mark-off data can set your offering apart from other banks.
Included features
Inbound PayShap, RTC and EFT via a single integration
Support for PayShap custom domains and proxies
Automated reconciliation via automated end-of-day mark-off file generation and distribution
Supported Streams
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!
