Modernise Your Payments Infrastructure

Electrum Payments provides a fully cloud-based SaaS solution to your NPS modernisation needs with support for both real-time and batch processing streams, including:

Real-Time Clearing (RTC)

  • Account validation of inbound (payee) transactions
  • Inbound (payee) as well as outbound (payer) credit transfer clearing and straight-through processing

Account Verification Services (AVS)

  • Inbound and outbound real-time validation of various attributes pertaining to a consumer’s account

Electronic funds transfer (EFT)

  • Both inbound and outbound credit batch clearing and straight-through processing
  • Account tracking and Credit before Debit to improve collection rates
  • Inbound debit randomisation for fairness among creditors
  • Inbound debit and credit recalls handling
  • Dispute processing
  • Inbound and outbound system error correction (SEC) processing
  • Begin of Day and End of Day batch synchronisation

Debicheck

  • Pre-payment mandate authorisation as well as mandate management
  • Inbound and outbound debit transaction clearing and straight-through processing
  • Post-payment cancellations and dispute processing
  • Account tracking and Credit before Debit to improve collection rates
  • Debit randomisation for fairness among creditors
  • Inbound debit and credit recalls handling
  • Inbound and outbound system error correction (SEC) processing
  • Begin of Day and End of Day batch synchronisation

Integrations

Electrum Payments comes standard with a single, simplified integration into various payment solutions, allowing you to adopt new services and quickly cater to your customers’ demands. 

Powerful Payment Processing

These payment streams and their corresponding scheme-specific processing capabilities are built on Electrum’s Payments platform which provides robust payment initiation, payment execution (scheme-specific clearing and industry gateway integration), reconciliation, and reporting capabilities. Additionally, the solution offers a set of modular overlay services which enhance the core processing functionality. These services include:

  • Customer account information mirroring
  • Customer beneficiary/proxy management
  • Transaction channel and product rule management
  • Transactional risk management
  • Channel reconciliation and settlement

Reliable Expansion of your Payments Infrastructure

Safely Integrate

Improve customer experience and reduce operational overheads for existing payment schemes by safely migrating to a modern infrastructure that integrates cleanly with existing systems.

Streamline your Payments

Simplify your operating environment by using a SaaS platform for all your NPS payment initiation and execution needs.

Connect to Partners

Create a platform to enable and easily onboard Third Party Payment Providers (TPPPs) and Fintechs.

3 of SA’s major banks partner with Electrum

Access to NPS-Regulated Transaction Processing

Electrum’s integration with BankservAfrica provides access to all NPS-regulated transaction processing.

Electrum Payments is a robust solution for the secure processing of high-volume transactions.

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