noun_Email_707352 noun_917542_cc Map point Play Untitled Retweet Group 3 Fill 1

Tietoevry Instant Payments for Participants

Launch new products and services in the real-time environment of connected commerce

Anytime, anywhere and on any device

The world of connected commerce is an integrated shopping experience allowing transactions to occur anytime, anywhere and on any device. Originating from retail payments, the same notion is applied also to corporate world, since all – instant, seamless, connected, and inter-related payments has become an integral part of business. Emerging alternative payment methods requires banks and payment service providers to adopt their payment solutions to be able to offer to their customers freedom of choice of payment rails – cards, account to account or even digital currencies.
Edgars Bremze

Lead strategic product manager, Payments

Instant Payments for Participants

The solution ensures a seamless connection to instant payments platform ensuring 24/7 service availability. Additional capabilities like digital bank wallet accounts for stand-in, e-commerce portal, mobile applications for consumers and merchants enables fast and easy onboarding of the new services.

After connecting to the platform, banks can offer new use cases to its customers like Buy Now Pay Later (BNPL), QR payments, e-commerce payments, P2P payments, mobile payments, variable recurring payments (VRPs) and many more.

The solution supports Credit transfer, Request To Pay, Investigation, Proxy messages according to multiple payment schemas standards.

Solution is cloud native and could be delivered on public cloud, also as SaaS, private cloud or on-premises installation.

 

Key features

Variety of value-added services will ensure profitable payment business for platform users – banks and PSPs.

Future growth

Variety of value-added services will ensure profitable payment business for platform users – banks and PSPs.

Built in compliance with multiple real time payment schemas, cloud native solution architecture and SaaS delivery model ensures fast and seamless onboarding for new service.

Fast onboarding

Built in compliance with multiple real time payment schemas, cloud native solution architecture and SaaS delivery model ensures fast and seamless onboarding for new service.

The solution ensures continuous and reliable payment processing for banks and PSP. Also, an immediate funds availability for their customers within their core banking accounts or IPFP wallet accounts.

365x7x24 availability

The solution ensures continuous and reliable payment processing for banks and PSP. Also, an immediate funds availability for their customers within their core banking accounts or IPFP wallet accounts.

Discover the instant payments platform based on SEPA ISO 20022 rails

Download the factsheet and discover how to launch new products and services in the real-time environment of connected commerce. The solution ensures a reliable 24/7 payment execution with comprehensive end to end flow monitoring.

Benefits for your customers

Consumers

• Easy and fast onboarding • Mobile payments for any use case • Risk control – spending limits, trusted payees, risk-based authentication • Real-time balance and availability • Integrated loyalty programs • BNPL products – revolving & instalments • Account grouping (e.g. family products) • Extensive data tools (digital receipts, invoices)

Merchants

• Consolidated acquiring of all payment methods (cards, account to account, CBDCs) • Instant availability of funds • Instant push notifications • Clear and personalized clearing, settlement and reporting • Manage funds from mobile application and web portal • Increased sales

Corporations

• Digital payment overlay services for liquidity management, ERP integration, invoice and accounts payable management • Request to Pay (QR, pay by link) processing according schema rule book • Extend to full pledge corporate payment platform (corporate payments & liquidity management) • Instant payouts (incl. Payee validation) • Utility payment processing • Bulk payouts

In the spotlight

Tietoevry Banking and Tapster partner to expand wearable paytech across Europe

Tietoevry Banking will offer Tapster’s innovative payment solutions to its extensive client network of European banks.

Read now!

The power of AI and expert monitoring: a $230 million fraud prevention success in 2023

We are using AI and 24/7 expert monitoring to block fraud in real-time. This combination prevented nearly $230 million in fraud in 2023.

Discover how we're leveraging AI to keep transactions free from fraud

Siemens, Seitatech, and Tietoevry Banking unveil groundbreaking payment solution for EV charging

The new solution will transform electric vehicle charging in Norway, the Nordics, Baltics, & the EU.

Learn more

Lowell expands its partnership with Tietoevry Banking for three years

Lowell enhances its debt collection operations through a new SaaS partnership extension with Tietoevry Banking.

Read more

Responsible AI adoption in the fintech industry

AI is transforming software development, raising important questions about code review, intellectual property, and ethics.

Read more in our blog!
Share on Facebook Tweet Share on LinkedIn