ISO 20022 Compliant Instant Payment Solution- TCS BaNCS for Payments

Solution

Highlights

TCS BaNCS offers a modern, scalable architecture that seamlessly integrates with new ecosystems through well-defined APIs.
Extensive support for SWIFT gpi payments as instructing, intermediary, and instructed institutions.
Off-the-shelf availability of real-time dashboards, easy navigation, exception management queues, multiple repair modes, and extensive search and audit features.

Solution

Designed on the digital-first, cloud-first philosophy, TCS BaNCS for Payments aims to transform payment processes for financial institutions with its extensive end-to-end multi-product payment processing capabilities. The integrated solution is built on a modern architecture enabling easy integration with customer channels, internal systems, and market infrastructure by leveraging API-driven capabilities. TCS BaNCS for Payments is natively built on ISO 20022 standards and is a SWIFT and SWIFT gpi-certified application that adheres to regional regulations across multiple geographies.

The enterprise payments hub has enabled us to provide cutting-edge features to our clients in the domestic payments space. Within a year, the platform has successfully scaled to support payments transaction volume growth of more than 30 percent.

Axis Bank, India

Real-time payments

TCS BaNCS for real-time payments helps organizations offer a superior omnichannel customer experience with instant payments across geographies with varying clearing rules, SLA requirements, account addressing, and messaging standards. The solution focuses on delivering a higher degree straight through processing and enables latest payment mechanisms, including instant transfer, instant debit, request-to-pay, and pay-by-proxy.

P27 payments

TCS BaNCS’ SEPA- and ISO 20022-compliant system is designed to act as a foundation for the P27 initiative

P27 payments is the world's first real-time, cross-currency payment system built by six major Nordic banks, providing secure and rapid direct payments to 27 million Nordic citizens.

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 Payments 2023

Contact

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Extraordinary expertise leads to remarkable results.

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TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Making payments real-time and seamless

Solution

Highlights

In this article

Solution

Certifications

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Solution

Highlights

In this article

Solution

Certifications

Read more

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