Through this deal, the bank has consolidated its multi-entity, multi-country, cross-border payment processing operations, which were running on an array of disparate legacy systems, into one regional payments hub powered by TCS Bancs for Payments.
The vendor says its TCS Bancs payments solution covers the complete value chain, including order management, clearing and settlement. It provides direct debit and credit transfers, including domestic and international variations, on a single platform.
The solution is designed on ISO 20022-based data and process models, and includes features including real time-payments and open APIs.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.