TCS BaNCS Payments, an STP-oriented payment processing solution, supports centralized real-time processing on a single platform for both domestic and international payments.
The solutions helps market-leading financial institutions take a holistic approach to payments-driven revenue, and drive significant operational efficiencies through consolidation of multiple processing systems into a single center or fewer regional hubs.
TCS BaNCS Payments supports a wide range of payment products and services such as check, direct debits, remittances, bills, mass file processing and standing orders. Payments can be initiated across markets, currencies, time zones and cut-off times. All payments capabilities can be integrated with real-time gross settlement systems (RTGS), mass settlement systems such as TARGET2, SEPA, PE-ACH, automated clearing house (ACH) systems, SWIFT and other messaging systems.
In addition, through the execution of TCS BaNCS Payments banks are in the strong competitive position to offer personalized and distinct service levels to their institutional, corporate and high-net-worth customers.
Major banks rely upon the combination of TCS BaNCS Payments and the agile implementation and rock-solid support from TCS Financial Solutions.
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