TCS BaNCS for Payments is an integrated SWIFT certified and SWIFT gpi ready solution.
TCS BaNCS for Payments is an integrated solution that offers extensive end-to-end multi-product payment processing capabilities. The solution is built on a modern architecture that enables easy integration with customer channels, internal systems and market infrastructure, leveraging API driven capabilities. TCS BaNCS for Payments is natively built on ISO 20022 standards and is deployed in 25 countries across various global and regional organizations, supporting more than 40 clearing systems, offering unified monitoring of operations, integrated Management Information Systems (MIS) and analytics.
TCS BaNCS for Payments is a comprehensive solution that supports:
Real-Time Payments: Enables processing of real time payments across multiple geographies with different clearing rules, SLA requirements, account addressing and messaging standards.
Cross-Border Payments: Supports international payments through SWIFT, SEPA and SWIFT gpi and has been consistently certified for the payments market with SWIFTReady labels for more than 10 years now. The solution has a proven track record of processing international payments across the entire value chain with features like auto-repair, routing identification, FOREX management and pricing.
Domestic Payments: Supports numerous high and low value payments clearing and settlement systems.
Direct Debits: Supports domestic and cross-border (SEPA) processing. Functionality includes support for both the collecting and the paying bank with features like mandate management and returns processing.
Cheque Processing: Supports image based cheque clearing both as a payee and payer bank.
Modern Architecture: The solution is built on a modern and scalable architecture with component based design. Integration with new and extended ecosystems is enabled through well-defined APIs. Microservices and container based scalable components make the solution easy to deploy and maintain.
Channel & Format Agnostic: The solution seamlessly integrates to a variety of online and offline channels. The processing of the payment is decoupled from the channel and format in which it is acquired.
Multi-Product Offering: Comprehensive support not only for traditional products like Credit Transfers, Direct Debits and Cheques but as well as for newer offerings like Real-time and blockchain based payments.
Enhanced STP rates: Leveraging extensive market and internal reference data, the solution is proven to have enabled STP rates near or above 99%.
Operational Efficiencies: With off-the-shelf availability of a real-time dashboard, easy navigation, exception management queues, multiple repair modes and extensive search & audit features, TCS BaNCS enhances efficiency in operations