Instant Payments Gateway
The Montran Instant Payments Gateway (IPG) enables Participants in an Instant Payments ecosystem to support a high volume of instant payments in a high availability environment. The IPG provides real-time retail processing and person-to-person mobile payments processing. The Montran IPG allows a Financial Institution (FI) to generate and receive instant payments and maintain 24x7x365 SLA compliance in a standardized ISO20022 environment.
Solution Highlights
High Availability and Performance
Montran’s IPG solution enables financial institutions to comply with the IPS requirements of 24/7 processing with little to no downtime and zero data loss.
Open Standards for Maximum Interoperability
Montran is an early adopter of open, emerging communication standards: all IPG interactions are based on the ISO20022 messaging open standard. The solution is in full compliance with many global Instant Payments Schemes including the SEPA SCTInst payment schema developed by the European Payments Council and the US TCH Real-Time Payments System.
Open API Capabilities
The Montran Instant Payments Gateway complies with the PSD2 Open API requirements and offers a unified API available 24×7. The IPG provides access for Account Information Service Providers (AISP), account verification or sufficient balance checks. The Montran IPG offers the ability to initiate payments for Payment Initiation Service Providers (PISP), integrating with existing payment systems, such as core banking and payment hub solutions, or with other payment channels in the bank infrastructure.
Stand-In Accounting
Used when a participant’s accounting system is not available 24×7, the Instant Payments Gateway can contain an optional dedicated Stand-In Accounting module to post payment transactions even if the back-office is not available.
Strong Security/Authentication/Session Control
The IPG implements the strong security standards defined by PSD2, including data encryption and multi-factor authentication on all channels of communication. The Montran IPG integrates with existing authentication mechanisms for authenticating users with their banks, allowing users to manage the permissions and privileges for regulated Third Party Providers (TPP) to access and use their data, without sharing their authentication details.
Benefits
COMPLETE INTEGRATION
Can be integrated with any Instant Payments System (IPS) to achieve immediate integration and interoperability between any type of Payment Service Providers.
INTEROPERABILITY
Montran can provide all the necessary modules and solutions that are needed to integrate every possible actor in the Instant Payments space: financial and non-financial institutions, corporates, payment services providers, merchants and retail users.
A FUTURE PROOF PLATFORM
Modular and stackable components meet the system operator’s needs for performance and interconnection, allowing for flexibility in growth and expansion.