The solution allows you to join the SWIFT GPI (Global Payments Innovation) service, giving full coverage to the three service levels (SLA) provided by the relevant Service Rulebook:

  • GPI Customer Credit Transfer (gCCT)
  • GPI Cover (gCOV)
  • GPI Stop-and-Recall (gSRP)

The solution can be integrated with any payment system, with different methods (MQ, API, others) to meet the needs of the host system. Interfaces are also provided to the Back-Office and Current Account Systems, to allow the automatic generation of GPI confirmation messages.
The system is directly connected to the SWIFT network, but obviously can interface with other network / gateway applications, according to the needs represented by the installation.
There are two configurations: Retail Bank and Second Level Bank.
The main advantages in offering an innovative service like this are:

  • The ability to attract new customers
  • Reduction of investigations (25-50%) and related costs
  • Increased STP rate and compliance with regulations
  • Best intraday liquidity (Correspondent Banking, T2, EBA, ...)