Pay Manager-RTGS

RTGS PayManager provides a centralized Payment HUB inter-connecting all the Banks Hosts with number of Payment and Settlement Systems, financial networks and correspondent Bank hosts, sending and receiving payment messages without any manual intervention.

RTGS PayManager also provides facility to help the bank to monitor any incoming and outgoing RTGS transactions and at the same time, it provides real-time bank position for all incoming and outgoing payment instructions. The incoming transactions will then be routed to the respective host systems for processing. Likewise, this would apply for all acknowledgement received from the Payment gateway.

RTGS PayManager provides a common interface to the various host applications within the bank, which allows centralised release of messages to Payment Gateway. The protocol used to interface with the various hosts is MQ Series, a messaging middleware where MQ guarantees of message delivery.

Essentially RTGS PayManager offers the Bank the capability to better regulate and optimise funds for RTGS transaction before releasing the transaction to RBI.

Development Environment  

Key Technologies used and Innovativeness or complexities handled

Liquidity Management Module

• Release Percentage
• Holdquantity
• Authorization
• Payment Forecast
• Payment Reserve
• Payment Schedule
• Comprehensive Reports

System Interface Module

• Interface to various application systems
• Seamless integration with STP
• Custom Adapters for systems using file formats
• Provides routing mechanism of any incoming messages and acknowledgement

SFMS Message Management Module

• Single Message and Batch Message Processing
• ManualConstruct of SFMS Messages
• Cancellation of SFMS Messages
• Re-prioritisation of Messages

System Administrations/Administration Modules

• RTGS System Release Management
• Reconciliation
• Contingency
• User Management

Reports

• Transaction Report
• Settlement Report
• Reconciliation Report
• Ad-hoc Reports