Seamless
Integration Of
Domestic Payment
Channels
PayConnect
PayConnect - A Centralized payment processing solution
Monitor all payments on real-time basis
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.
Enjoy The
Convenience of
Straight Through
Processing
Convenience of
Straight Through
Processing
Benefits
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
Key Features
Message Processing
Support for NG RTGS using MI Client or Web Services API
STP for RTGS Outward/ Inward payments (R41, R42) with CBS
STP for NEFT Outward/ Inward payments (N02, N04, N06, N07, N10) with CBS
Auto or Manual Rejections of inward messages based on pre-configured rules
SMS and Email Notification
Facility to sign NEFT messages digitally
Integration with CBS using native CBS methods
Duplicate check in CBS transaction
Operations Console
Amount based authorization with Maker-Checker
Optional Name Check
Beneficiary Account Number Validation
Audit trail and Message payload
Old to New Account Number mapping
RBI Holiday Calendar Managemen
Two–step accounting
Manual reposting for failed transactions
File upload facility for NEFT/ RTGS transactions
RTGS and NEFT service window management
Reports & Dashboards
Daily transaction dashboard
Daily transaction reports
Daily batch-wise report for NEFT
Daily & monthly NEFT aggregate report
Monthly RBI positive confirmation report for NEFT
STP/Non STP transaction report
Exception report
Monthly RTGS report – enterprise wide & branch-wise
RTGS consolidated return report
RTGS daily branch-wise STP/ Non-STP