1st live STP Implementation of PayDirect
Project Summary
1st live STP Implementation of Flux payment platform (PayDirect) in india with NPCI NACH system. Support ISO20022 message format. Integrated with Finacle 10x CBS for real time account verification, transaction posting and signature verification interface
Interfaced with centralized document management system, loan origination /corporate system for mandates and centralized charge processing
System live operational from : January, 2014
National Payment System Name: NPCI – National Automated Clearing House System
Multiple Payment types supported: -
- Mandate management (MMS)-ISO20022
- ACH Debit payments
- ACH Credit payments
- Aadhaar based payments
- Direct Benefit Transfer for LPG( DBTL)
- ECS credit payments
Banks System interfaced:
- CBS – Finacle 10 Integration
- iWorks Document Management System Integration
- Internet Banking Integrations
- SMS /Email Alerting
- Host to host(H2H) interface with NPCI NACH
- Loan system interface
- Centralised Charge processing system – Zaffin
About our client
Established in 1994, Leading Bank a Mumbai based bank with 1004 branches across India. The bank offers commercial, transactional and electronic banking products and services.