MindCraft's PayConnect is a comprehensive, adaptable, secure, real-time product that integrates various domestic payment channels such as RTGS, NEFT and SWIFT with the bank's CBS while providing centralized monitoring and governance across all channels.

Apart from providing a central hub for integration, PayConnect also provides an operations console for tracking of payments. It provides end to end visibility & real time tracking, maintenance and management of messages, allowing delivery of Service Level Agreements with large customers. Its service oriented architecture empowers the bank to integrate and enable STP of its core functionality with RTGS and NEFT gateways.


  • Straight through processing for a majority of the transactions

  • Handles large volumes of transactions with ease

  • View the end to end lifecycle of a transaction

  • Limits transactions to ‘In-Error’ transactions

  • Control timing of bulk processing

  • Implements a powerful audit, based on tracking


STP for RTGS Outward / Inward payments with CBS
Beneficiary account number validation
SMS and Email notifications on receipt of credit confirmation messages
STP for NEFT Outward / Inward payments with CBS
RBI holiday calendar management
Duplicate check in CBS transaction
Amount based authorization with maker-checker
Automatic reconciliation between summary and individual transactions
Two–step accounting