The imperative to modernize is clear. Open banking, competition from challengers and non-bank service providers, ISO 20022, and new clearing and settlement options are reshaping the payments business landscape.
What’s holding banks back? Legacy payment systems can’t keep up with demand. And the rip-and-replace approach of traditional payment hubs is too slow and expensive to be a viable option.
VolPay Omnichannel Preprocessing offers a smart alternative. It’s the fastest way to deploy the most modern payments technology to meet market demand, while simplifying complexity and insulating existing systems from change.
Learn more about approaches to modernizing and transforming payments infrastructures while preserving legacy systems - watch the video.
VolPay Omnichannel Preprocessing
An intelligent preprocessing solution that mediates between multiple bank channels, including open API channels, to capture and preprocess payments while retaining existing systems for final execution.
Implement
- New open API access methods
- ISO 20022 to maximize the information that travels with the payment
- Alternate payment methods - digital wallets, cryptocurrency, tokenized payments
Optimize
- Eliminate point to point connections between channels and payment systems
- Standardize validations across channels and processing systems
- Reduce duplication in processing steps
Improve
- Customer experience, by providing real-time status reporting
- Customer service, by tailoring routing options and cutoff by customer context
- STP (Straight-Through Processing), by eliminating errors and enriching payments before they reach legacy systems
Global Validation Services
One of the simplest applications of VolPay Omnichannel Preprocessing is as a consolidated location for all payment validations–ensuring that payment initiation channels, processing engines, and clearing gateways all validate payments in the same way and using the same reference data.
VolPay Solutions
Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.
Real-Time / Instant Payments
Bring new real-time 24x7 customer experiences to market, worldwide
Corporate to Bank Automation
Onboard corporate customers faster and win new corporate clients by automating corporate to bank connectivity
Global Clearing Gateways
Accelerate expansion into new markets by connecting to over one hundred global clearing and settlement mechanisms
Omnichannel Preprocessing
Modernize your payments infrastructure without replacing legacy payment systems
Payment Hub
Unify all your payment processing and orchestration functions in a single service ecosystem
Open Banking and PSD2
Strengthen customer relationships through open banking business models, while complying with PSD2 and similar regulations
Cross-border Payments
Expand your service portfolio with next-generation cross-border payment processing and connectivity
Beneficiary Pay Link
Move from paper to digital by allowing corporations to pay any beneficiary, the way they want to be paid
Accelerated Payments Integration
Speed delivery, and lower the cost and complexity of your payments transformation projects
Ready to take a closer look?
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