PAYMENT SERVICE BUS FOR SEPA
On the initiative of the EPC (European Payment Council), banks are stepping up their efforts to create a single euro payment area (SEPA). This involves the harmonisation of payment tools throughout Europe, increasing automation of transaction processing (Straight Through Processing) and the development of clearing and settlement systems within the Euro zone.
Over the coming years, European banks will have to make choices about their handling of individual and mass operations (depending on the size and nature of their activities), and will have to review or gradually adapt their organisation by adopting a simple, standard and scaleable exchange system.
NEXUS for interbanking is a generalised connection platform for clearing and settlement systems (TARGET2, STET and other PE-ACH operators).
NEXUS for Payment is a payment platform that :
- Handles interbank systems
- Handles payment systems
- Integrates dedicated applications or links to them (CI-ARC+ for example)
- Handles client/bank exchange systems and associated services
NEXUS can be migrated to new IT systems
NEXUS for Payment is perfectly compatible with mainstream banking sector preferences regarding IT system mapping ("urbanisation") modelling and transformation.
AN ADVANCED TECHNOLOGY
NEXUS is designed with an ESB integration infrastructure that creates a true "Payment Service Bus":
- An application bus that ensures the transport, routing and processing of data;
- Banking applications and exchange systems are connected via connectors or adaptors
- Various application services are deployed via the application bus.
NEXUS for interbanking
Our unique and flexible connection solution allows banks to synchronise their development strategies with the requirements and constraints associated with the "urbanisation" of their IT systems.
CIBF’s new payment platform has been designed to handle all payment flows in the Europe, regardless of type or exchange system:
- Mass operations via STEP2 or any other PE-ACH operator
- Individual payments via TARGET2, EURO1 or STEP1
Our platform is based on a completely new architectural environment and on a unified modelling of the exchange processes that respects the specificities of different existing interbank systems.
And it can be deployed via an exchange according to the timetable / strategic choices of each bank.
NEXUS for Payment
Using integrated application services, or via the connection to dedicated applications such as CI-ARC+ and CI-TRAITE, NEXUS handles the entire receipt and payment process associated with all payment instrument including credit transfers, direct debit and debit cards.
NEXUS for Payment has been specifically designed to accompany the switch of a critical mass of payments towards pan-European payment instrument. It allows the implementation of data acquisition systems that handle client to bank exchanges with the possibility of integrating value-adding customised services.
NEXUS for Payment is a payment platform which is compatible with all payment systems.
NEXUS for Interbanking is a platform for interbank exchange systems, that connects different clearing and settlement systems within the Euro zone.
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