Enable Modern Payments on a Modern Core with Finxact

Finxact Payments Overview

To drive growth and stay ahead of the competition, financial institutions must leverage modern, scalable infrastructure as a foundation for success. Finxact Payments features include:

• Integrated Core: Gives the advantage of real-time posting and position visibility for customer and ledger accounts.
  
• API-First Design: Enables quick development of new payment solutions that seamlessly integrate with Finxact and Payment Rails functions.
  
• Common Payment Network Schemas: Provides consistent compatibility with direct and correspondent network providers.
  
• Order and Transaction Objects: Leverages extensible standard order and transaction objects to meet the demands of any clearing/settlement system.
  
• Real-Time Settlement: Supports modern and emerging payment systems with temporal hold capabilities for legacy systems.
  

Payment Capabilities that Deliver Value

Core Payments Included -- Finxact Payments offers a broad range of built-in capabilities to support financial institutions:

• Single Bank Payments Processing: One image/ID for the bank when performing network or correspondent integrations. 
• Standard ACH: Single entry API initiation, NACHA file creation, exception handling (returns, NOCs), and “On-Us” ACH processing.
• Check: Supports X.937 file formats for in clearing and remote deposit capture, with outbound return file capabilities.
• Debit Card: Compatibility with processors, supporting ISO 8385 and ISO 20022 formats. Ability to integrate with other card processing services using common formats and functionality.

Enhanced Payment Functionality with Finxact Rails

Finxact Payments Rails extends the platform’s capabilities with advanced functionality:

Multi-Bank Processing: Manage payments for multiple legal entities with configurable routing, settlement, and reporting.

ACH Corporate Origination: Simplifies bulk order initiation with real-time order processing integration.

Fedwire: End-to-end ISO-20022 message support and seamless connectivity to Fed Funds Service through FedLine Direct, ensuring efficient and secure transactions.

ACH Direct Connectivity:

• EPNACH direct SFTP connectivity
• FedACH direct connectivity through Fedline Direct (coming soon)
• TCH EPN Connection rails for ACH processing and settlement

Extensibility for Modern Banking Needs

Finxact supports a wide range of use cases for traditional banks and emerging embedded finance solutions:

• Real-time connectivity to external systems for enhanced interoperability.
• Seamless integration with third-party tools for origination, screening, and reconciliation.
• Embedded finance capabilities to enable partnerships with FinTechs and correspondent banks.

Finxact Extended Network Integrations (In Progress – Initial Release 2Q2026):

• Finxact Model Product to efficiently integrate Finxact to external payment processing systems worldwide
• ISO-20022 Interface Formats
• Standard Flows and Accounting
• Full extensibility and project related customization through Finxact Core standards

Why Choose Finxact?

Finxact empowers financial institutions to transform their payments systems with:

• Real-Time Efficiency: Faster processing with automated reconciliation.
• Scalable Innovation: API-driven design that grows with your needs.
• Future-Ready Infrastructure: Compatibility with legacy systems and emerging technologies.

Transform your payments experience with Finxact.

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