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    • Overview

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.

      Discover all solutions
    • Industries
      • Banking
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      • TCS ERP on Cloud
      • ignio™
      • TCS iON™
      • TCS HOBS™
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    • Overview

      We’re in it for good, driving positive change for the benefit of all.

      Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.

      Discover the difference
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    • In the news

      Recent News

      27 Nov 2023 TCS launches new Generative AI practice in collaboration with AWS
      22 Nov 2023 TCS Ranked #1 in Spain for Customer Satisfaction in Service Delivery Among IT and Cloud Services Providers
      20 Nov 2023 ASX signs agreement with TCS to replace its cash equities clearing and settlement platform
      View All
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    • TCS BaNCS™
    • Solution

    TCS BaNCS for Payments

    Extensive end-to-end multi-product payment processing capabilities

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    Products & Platforms

    • TCS BaNCS™ Tag

      TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions

      Offering Software-as-a-Service across a stack of solutions and applications, TCS BaNCS facilitates smooth transformation in financial services and drives growth.
      Learn More
      Click to know more
      bancs-finance-Card-1330x1270
      Related Insights
      TCS BaNCS Research Journal: Discussing Frictionless Finance
      The 15th issue of TCS BaNCS Research Journal focuses on frictionless finance, highlighting examples in corporate actions, payments journey, banking, and more.
      Article
      17 Nov 2023
      Zions Bancorporation executives share their transformation journey with TCS BaNCS
      Zions Bancorporation executives discuss their journey with TCS BaNCS and how their decade long partnership has been successful in implementing a future core platform to stay competitive.
      Customer Testimonial
      07 Jul 2022
      TCS BaNCS Helps Emirates NBD Transform Payments Processing
      TCS BaNCS Enterprise Payments Hub helped centralize Emirates NBD's payments processing operations, enabling innovation and better IT landscape and CX. Know more.
      video
      22 Mar 2023

    Challenge

    The constantly evolving payments ecosystem is rife with rapid changes in market dynamics, ever-evolving regulatory measures, and mounting customer expectations. To thrive in a changing market environment that witnesses a new player (fintech) gaining prominence in the payments space almost on a daily basis, it is necessary that financial institutions and payments providers upgrade their infrastructure and launch innovative products with an effective cost structure. Customer expectations make it increasingly more critical for organizations to differentiate themselves by launching such products and swiftly expanding to meet the demands of their clients.

    Solution

    With a track record of processing international payments in 25 countries and supporting over 40 clearing systems, and with several features natively built on MT and MX (ISO 20022) standards, TCS BaNCS for Payments is an integrated SWIFT certified and SWIFT gpi ready solution that supports real-time payment processing across multiple geographies, entities and currencies adhering to rules and standards. Supporting direct debits, domestic, cross-border payments and cheques processing, it is a comprehensive solution that makes use of API driven capabilities, and aims to support stronger management of risks and aid in the seamless integration of applications. 

    Benefits

    • Built on a modern scalable architecture with component based design that seamlessly integrates with new ecosystems through well-defined APIs and a variety of online and offline channels
    • Comprehensive support for traditional products like credit transfers, direct debits and cheques alongside newer offerings like real-time and blockchain based payments
    • Extensive support for SWIFT gpi payments as instructing, intermediary and instructed institutions including support for latest features like universal confirmations
    • Seamlessly integrates with a variety of online and offline channels. The processing of the payment is decoupled from the format in which it is acquired
    • Leveraging extensive market and internal reference data, the solution is proven to have enabled STP rates near or above 99%
    • Off-the-shelf availability of real-time dashboards, easy navigation, exception management queues, multiple repair modes and extensive search & audit features
    • Implemented across the world, TCS BaNCS agile based implementation methodology enables faster ROI
    • Continuous and ongoing compliance with evolving regulations

    Read how TCS BaNCS for Payments can facilitate effective transaction processing for universal banks, help them seamlessly manage cross-border fund transfers and enables them to exceed the expectations of a fast-changing market. 

    TCS BaNCS for Payments is SWIFT and SWIFT GPI certified application adhering to regional regulations across multiple geographies. The solution has been certified for the payments market with SWIFTReady labels for more than 10 years now. Read more about the SWIFT certification here.

    Certifications

    SWIFT gpi 2023

    SWIFT gpi 2023

    swift compatible payment logo

    SWIFT Payments 2023

    Related reading

    TCS BaNCS Powers Payments Transformation at Banque Saudi Fransi

    Press Releases | 17 Jul 2023

    PostFinance-10 Years with TCS BaNCS

    23 Nov 2023

    TCS BaNCS Customer Newsletter and Insights

    Report | 28 Feb 2023

    TCS BaNCS Helps Emirates NBD Transform Payments Processing

    video | 22 Mar 2023
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