Integrated Core

& Payment Rails

More

Real-time posting and position visibility with automated settlement and reconciliation 

OVERVIEW

FINXACT PAYMENT RAILS

  • Allows for processing for a single banking entity with relation to payments. 
  • One ID for the institution when performing network or correspondent integrations

DESCRIPTION    


  • Allows for processing for a single banking entity with relation to payments. 
  • One ID for the institution when performing network or correspondent integrations
  • Single Entry API Initiation of ACH Orders
  • Order Processing to outgoing ACH Entries
  • Creation of Outbound NACHA Files to Cloud Storage
  • Loading of Inbound NACHA files from Cloud Storage
  • Transaction Processing to incoming transactions for posting
  • Transaction Exception Handling including returns, NOCs, and posting exceptions
  • ‘On-Us’ ACH processing for a single banking entity

DESCRIPTION


  • Single Entry API Initiation of ACH Orders
  • Order Processing to outgoing ACH Entries
  • Creation of Outbound NACHA Files to Cloud Storage
  • Loading of Inbound NACHA files from Cloud Storage
  • Transaction Processing to incoming transactions for posting
  • Transaction Exception Handling including returns, NOCs, and posting exceptions
  • ‘On-Us’ ACH processing for a single banking entity
  • Incoming Check processing through X.937 file format for In Clearing
  • Remote Deposit Capture with the ability to generate outbound X.937 return files. 

DESCRIPTION


  • Incoming Check processing through X.937 file format for In Clearing
  • Remote Deposit Capture with the ability to generate outbound X.937 return files. 
  • Integrated debit card processing through the EFT Transaction object with support for ISO 8385 and ISO20022 CAIN formats
  • Integration with Fiserv EPOC Card Processing service
  • Ability to integrate with other card processing services using common formats and functionality

DESCRIPTION


  • Integrated debit card processing through the EFT Transaction object with support for ISO 8385 and ISO20022 CAIN formats
  • Integration with Fiserv EPOC Card Processing service
  • Ability to integrate with other card processing services using common formats and functionality

TECHNICAL BENEFITS

An adaptive and open data model 


Allows for processing for a single banking entity with relation to payments. One ID for the institution when performing network or correspondent integrations

CORPORATE
ORIGINATION 

  • Corporate Origination provides an interface for input and controls of bulk order initiation from the bank or the banks clients. 

ON US

  • Multiple OnUs financial institution payment processing can be configured to process, settle and maintain payments separately and with interbank functionality 

INDEPENDENCE

  • Each functional entity and their processes can be configured to process independently or in conjunction with the Finxact Core Bank configuration allowing for flexible, routing, settlement, interface and reporting functions

CONTINUITY

  • allows legacy batch interfaces to seamlessly integrate with the Finxact Real-Time Order processing while retaining controls and settlement options common to the clearing/settlement system

TCH RTP 

  • End-to-end message support for messaging and settlement for Real Time Payments  

DIRECT

  • Direct link to the RTP VPN portal through a Finxact maintained connection

MULTI-ASSET

  • Supports position keeping for any asset type or currency

BUSINESS RULES

  • Domain-specific language (TypeScript) allowing product owners and business analysts to easily create business rules to act upon or decision events

FEDWIRE

  • End to end complete single message support for Fedwire FAIM messaging and settlement with direct link to the FedLine Direct through a Finxact maintained connection

FAIM

  • End-to-end complete single message support for Fedwire FAIM messaging and settlement with integration to a correspondent FedLine Connection

FEDWIRE

  • End to end complete single message support for Fedwire FAIM messaging and settlement with direct link to the FedLine Direct through a Finxact maintained connection

FAIM

  • End-to-end complete single message support for Fedwire FAIM messaging and settlement with integration to a correspondent FedLine Connection

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