FSS/BankingSolution BriefIBM Software

IBM Smarter PaymentsAn integrated processing system for near real-time payment and transaction processing

Challenges In 2012, banks handled more than USD377 trillion non-cash transactions. A recent Forbes survey found that billions of mobile device users expect mobile banking service through a telecom provider. Financial institutions must also provide more services to corporate customers. And do all this while coping with changing government regulations as well as new, real-time payment processing mandates. They must continue to offer new services and constantly look for ways to lower the day-to-day cost of existing transaction systems.

Smarter payments is built on IBM® Financial Transaction Manager, a banking transaction platform that can integrate, manage and monitor a wide variety of financial transactions including:

• Corporate payments• SEPA• SWIFT Business services• NACHA • UK Faster payments • US and Canadian checks

Smarter payments offer a comprehensive set of business solutions including:

• B2B Integrator• Sterling File Gateway• IBM WebSphere® Transformation Extender (WTX)• Connect: Direct• Sterling Control Center• Banking Transformation Toolkit (BTT)

Smarter payments provide integrated, end-to-end payments processing. It is a transaction and payments processing hub that can be implemented in a staged manner, using a process called ‘progressive convergence.’

Highlights • Improvecustomerself-serviceby

providingvisibilityacrosspaymentandtransactiontypes

• Supportconvergenceacrossmultipleprocessing‘silos’

• Providescalableandproduction-provensupportforreal-timeprocessing

• Complymorequicklywithregulatorydemands

• Managetransactionalriskandreduceoperationalcosts

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Platform for now and the futureSmarter payments allow financial institutions to process multiple payment types using a single, robust platform. This helps facilitate an iterative transformation of the existing payments system into an integrated transaction processing engine for near real-time payment processing.

Align business processes and information technologySmarter payments combine prebuilt functions, a ‘build-your-own’ approach, and renovated legacy systems that remain relevant. It allows you to build a platform that can evolve, while providing maximum resiliency.

Smarter payments provide:

• Customized workflow by virtually any dimension of payment, customer and context

• Sophisticated monitoring and alerting capabilities• Insight-driven processing• Reliable performance at large volumes and throughput• Safe transactions using appropriate security, access

control and audit trails• Greater transaction visibility

Smarter payments help business and internal customers proactively manage payment flows and cash-management operations.

Conclusion IBM smarter payments support convergence across multiple payment processing ‘silos.’ It is highly scalable and offers production-proven support for real-time transaction processing. It can help you comply more quickly with rapidly changing regulatory demands. It also helps you manage transactional and operational risk and reduce operating costs.

Why IBM? IBM transaction banking solutions provide an iterative approach to deployment — using IBM market-leading middleware. IBM can deliver transaction services that benefit from decades of customer experience and refinement.

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Produced in the United States of America January 2015

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IBM has 40 years of payment processing expertise and continues to invest in a centralized payments hub to provide efficient, secure, reliable real-time payments processing. We have extensive industry experience implementing solutions for financial services businesses. IBM smarter payment solutions, along with a wide variety of solutions from IBM Business Partners, can help improve customer insight, lower costs, provide better regulatory compliance management and increase market agility.

For more informationTo learn more about IBM smarter payments, please contact your IBM representative or IBM Business Partner, or visit: ibm.com/software/products/en/financial-transaction-manager