Service and Functionality
% of user base with full maintenance contract: Most of the clients have a Maintenance contract (either as part of the license or as part of the service – annual usage fee) Annual maintenance fee: 20-22 per cent. Levels of support/additional services offered: Internet tool for receiving and managing requests for information, requests for specific developments and any other issues. Maintenance agreement gives access to new versions which include function upgrades and new regulatory requirements. Core functionality: Credit Transfers: incoming and outgoing, SEPA and non- SEPA, customer and interbank payments in all currencies and destination countries Direct Debits: incoming and outgoing collections under the SEPA Direct Debit Schemes (CORE & B2B) Corporate Payments: implementation of the Customer-To- Bank Interface under the SEPA Guidelines Extended multi-currency support: Standard and special foreign exchange rates are maintained, FX conversion rules can be defined based on business rules Regulatory compliance: Fully compliant with current and upcoming standards and regulations - SWIFT Standards, SCT & SDD SEPA Rule Books, Other payment networks (domestic and international) Centralised administration of all payments: A payments
hub that consolidates all incoming and outgoing payments, establishing a single point of reference Straight Through Processing (STP): The STP increases throughput, reduces transaction time, eliminates human errors and ensures validity. Automated procedures in incoming and outgoing payments through a rule-based payments hub Process
standardization: Well-defined and optimised
payments process flows regardless of payment type, customer conditions, originator of the transaction or settlement mechanism Format independent Payments Message Processing: Rule- based adaption of new payment channels (domestic and international) through user configuration of Send / Receive adapters without affecting the core business process Integration – Open architecture: Secure, public, online API provision towards compliance with PSD2 directive, Integration with legacy core banking systems, supporting multiple and new interfaces without affecting core functionality, Automated interfaces with external payment systems (e.g. SWIFT, SEPA Participant systems, etc.) ensuring safe transmission and receipt of messages, Native integration with the
FMS.next Core Banking system, safeguarding rapid deployment timelines Transformation & Routing: As a payments hub, it can be utilised for any transformation, consolidation and routing services Scalability: Scale-up (vertical) through parallel processing or
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