Enterprise Payment Hub

Modernize payment operations through a single, scalable platform

Enterprise Payment Hub

Modernize payment operations through a single, scalable platform

IMS Payments ~ ECS’ Enterprise Payment Hub

A well-organized transaction processing platform that simplifies, manages and controls the full breadth of payments, connectivity, integration and messaging services of an enterprise. IMS Payments goes further to cover initiation, pre-processing & post-processing activities.

The Platform assumes the following roles/functions:

Enterprise Payment Hub
Payment Factory
Payment Platform
Payment Framework
Customer Onboarding
Pre-Payment Processing
Smart Routing
Clearing & Settlement
Post Payment Processing
Customer Services

IMS Payments automates the end-to-end processing of all payments of an enterprise starting from initiation to settlement and beyond to data governance, reporting and customer services.

A fully modernized and digitalized platform that can delegate decisions, opportunities and mitigate risks to its customers. It extends role-based dashboards and interfaces to obtain greater visibility and control at the branch, department, region, country and multiple-entity levels.

IMS Payments ~ Features

The main features of the platform are categorized and listed below:

Payment Initiation

Manual Entry: Forms, Smart Forms & Templates extended to branch offices, online banking applications and other devices.
From Core Systems: CBS: Payments from core systems of the enterprise can be received in bulk or real-time mode.
From Customer’s ERP systems: Connect with Corporate customer’s ERP systems, receive integrated files.

Pre-Payment Processing Services

Channel Selection & Routing

Clearing & Settlement

A series of clearing and settlement channels covering both domestic and international payments.
Each payment module encapsulates and automates payment processing associated with positive and negative workflows.
Supports a wide network of payment service providers (PSP) and stablecoin exchanges, delivering global reach for fiat payments, digital asset settlement, and stablecoin-based payment flows.

Post Payment Processing Services

A series of post payment processing that will ensure proper crediting, gives accountability to each payment
Maintains Cash Positions and Balances of customers, Nostro and various accounts belonging to the enterprise pertaining to clearing and settlement of each payment.
Reconciliation: Reconcile transactions against statements for matching books and records with counterparties and internal systems.

AI Powered Intelligent Payment Processing

Smart Payment Routing intelligently selects the most optimal route for every transaction by analyzing rules, historical performance, timelines and fee patterns.
AI Address Structuring transforms unstructured or incomplete address details into fully standardized ISO 20022 compliant fields.
AI Compliance Monitoring detects abnormal behaviour patterns such as unusual value spikes, rapid activity bursts, irregular logins and emerging beneficiary risks.
Liquidity Intelligence predicts funding needs by analyzing historical cash movements and live balances for optimal account utilization.
Autonomous Operations Monitoring identifies workflow slowdowns or system bottlenecks and initiates corrective actions for uninterrupted processing.
Dynamic Transaction Prioritization ranks payments using urgency, value, customer category and cutoff requirements to ensure timely execution.
FX Intelligence monitors market movements and volatility trends to optimize currency conversion and reduce exposure.
Automated Reconciliation matches records, identifies discrepancies and resolves exceptions with high accuracy and minimal manual effort.

IMS Payments ~ Benefits

Operational Efficiency

Environment: Streamline, Simplify and Optimize your Messaging and Transaction Processing environment
Infrastructure: Eliminate the need for fragile data mapping & transmission services that add 0 value to business or operations
Workflow: Minimize travel of data between systems causing bottlenecks and failures.

Modernization

Easily adapt to market practices, customer needs and counterparty preferences
Rapid onboarding of customers without disturbing core systems or adding heavy internal processing rules
Comply to Regulatory needs, Network Validations, and new generation messaging – ISO 20022 Standards without disruptions
Address the need of all Stakeholders: IT, Compliance, Business, Operations, Back Office and Customer Services

Digitalization

Enables end-to-end visibility of all Messages and Transactions for IT departments and operations
Links internally for all modules to communicate with each other as and when needed
Easily engage automation for end-to-end processing with complete visibility and control thereby minimize the need for manual intervention, unless warranted.

IMS Payments ~ FAQ

Will I be able to make Cross Border Payments even if I do not have a Correspondent Bank?

Yes. ECS offers a series of cross border payment modules that can be utilized for making cross border payments without having any dependency on Correspondent Banks or Intermediaries. You can save a lot of money in fees and charges, your settlement time will be close to real-time and you can pay to beneficiaries in any country.

What are some of the benefits of having an integrated platform?

All overheads that are placed in the CBS can be offloaded to the Payment Platform
A single integration with CBS and other Core systems is all it takes for processing payments through any channel.
A new payment channel can be added without effort by simply configuring the routing module.
Modernization and Digitalization will not become an additional overhead.

IMS Payments ~ Demo

Get in Touch

Talk to an ECS Analyst to explore our Risk-free acquisition model and to access an Evaluation Instance that may represent your needs.

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