Events
Current events and user meetings of Foconis Payment GmbH
BACKGROUND
What are instant payments?
Instant payment is a payment method in which funds are credited to the recipient within a few seconds. Instant payments are available 24 hours a day, 365 days a year. The funds are credited in a maximum of 10 seconds. In practice, however, many of these transactions are carried out in less than 3 seconds. Since the EU’s decision to make real-time payments mandatory, this payment method has become the new normal.
OUR SOLUTION
Instant Payments Gateway (IPG) by Foconis
Instant Payments Gateway (IPG) by Foconis has a lot to offer and is therefore an important infrastructure component for high-performance payment solutions in the digital world.
- IPG is the interface to the Clearing and Settlement Mechanism (CSM)
- Secure connection to Target Instant Payment Settlement (TIPS)
- EBA Clearing (RT1)
- Connection of IPG via the Network Service Provider (NSP) SWIFT and the Alliance Gateway Instant (AGI) technically with RT1 and TIPS
- Alternatively, the RT1 connection can also be established via EBICS. (The required EBICS infrastructure can be provided by Foconis
YOUR ADVANTAGES
Strong arguments in favour of an IP project with Foconis
- Simple contractual arrangement by us as Instructing Party for TIPS
- BIC of Focnis Payment GmbH is authorised by the EZB as Instructing Party for TIPS (= TIPS participation is therefore guaranteed independently of your current SWIFT infrastructure and onboarding is also considerably shortened)
- EBA Clearing Service Provider
- 365/24/7 availability and support
- Optimised processes through certified SWIFT Service Bureau
- In-House instant payments software
- Modular structure of the standard software
- Numerous additional features, such as emergency authorisation or embargo checks
YOUR START
Are your core banking systems real-time capable?
One of the biggest challenges in processing real-time payments is that the core banking systems are not designed for real-time capable payment transactions. Foconis Payment offers various connection options, which are analysed in a Quick Assessment and further aspects of implementation (including scheduling and budgeting) are developed as the basis of a feasibility study.
We are looking forward to your enquiry
Dirk Metz
Key Account Manager