UniPay – Global Payment Hub

UniPay – Global Payment hub is a channel-agnostic, message-based, web-enabled platform that can process domestic, regional, and global payments including high-value complex international transfers.

The supported payment products cover the full gamut of means of credit transfers the customers are offered by the Bank, in an end-to-end scenario (i.e. from the customer requesting channel towards the interbank scope, and vice versa)

All payment services are accessible through APIs, which have been developed in the most widespread interface protocols (from the legacy to the open ones), according to a flexible and SOA-compliant application architecture model.

For achieving full automation and connection with any bank across the world UNIPAY can interact with different commercial ACHs at the same time as well as receives/delivers the flows exchanged with the banks of the same group through a circuit inside the system, without using the interbank networks.

The standard ISO 20022 payment format has been using by the most worldwide payments infrastructures and is natively managed by the system.

The system provides user access via multi-factor authentication, centralized user rights management based on user’s roles and full audit trail & archive functionality.

To approve payments batches, multi-factor authentication is also used to reduce the chances of fraud as well as it’s possible to process payments as “straight-through processing” or setup different rules for different payment batch type.

Sanction screening is available to automatically prevent sending payments to sanctioned beneficiaries

The system provides effective rule-based Automated matching features to reconcile financial records and transactions faster. Exceptions handling is provided by the proposition of possible matches as well as tolerance setup can fix “penny-difference” reconciliation.

UniPay is certified by EBA Clearing Instant Payment RT1 – Solution and technical service provider and SWIFT – Universal Confirmation Application Provider

It is installed at major banks, holding institutions and second-tier banks, exactly as if it were an ACH, disaggregating, sorting and recompiling payment flows, based on the characteristics of the sender/receiver.

Supported Products and services

• Payments Services:
  • SWIFT CPBR+
  • RTGS PAYMENTS
  • INSTANT PAYMENTS
  • SEPA CREDIT TRANSFERS
• Additional Products
  • SWIFT GPI
  • EXPRESS MONEY REMITTANCE
  • ACH Payments (EBA Clearing STEP2)
  • SBS – SEPA Direct Debit Bridge

Wide array of further functionalities

• Management of regular payments, instant payment, and standing orders with user-friendly interface
• Authorization process based on configurable rights matrix and workflow (according to 4-eyes principle)
• Nostro and Vostro accounts selected during the payment registration according to the bank preferences
• Complete management of the revenue structure (commissions, fees and charges) configurable by the Bank
• Production of transaction advice and printouts
• Adjustment of Nostro accounts funds using SWIFT messages MT200/210 as well as pacs.009
• Reconciliation management functionalities
• Providing on-line and end-of-day reporting capabilities over all processed payments
• Wide and historical audit over all the payments processed and the decisions taken
• Wide gamut of payments searching functionalities regardless the payment means
• IP Tracker
• SWIFT Gateway direct connection
• IP Gateway direct connection
• Standard payment formats natively managed
• Automatic creation of transactions from incoming SWIFT messages
• Provided a configurable STP engine allowing analysis, validation and effective routing of incoming SWIFT messages (FIN and XML format) 

Technological Framework

Main Characteristics

All our Products were built in a structured environment that includes:

• Proprietary software framework (implemented with JAVA and REACT technologies)
• Cloud-agnostic containerization
• Efficient DevSecOps workflows
• Ready-made controls for security and data protection (token-based access, cryptography, least privilege principle)
• Data caching strategies
• Multi-Factor Authentication mechanisms (PSD2 compliant)
• User’s experience certification (cross-browser compatibility and accessibility compliance)
• Multi-channel endpoints (Web, API, Mobile App and Legacy Systems)
• Microservices infrastructure

Enterprise Software Framework

Based on modern architectural principles, our framework guarantees high software performance, maximizes reusability of code and reduces errors and impact of changes. In addition, ready-made controls and patterns makes our Products more secure and robust and fully compliant with standards and recommendations.

Microservice infrastructure implements more than 500 functions, within a service catalogue of APIs collected in 16 areas

The modularity of the framework simplifies the deployment of our Products that can be distributed in cloud or on premises, on virtual machines or containers.

Standards and Recommendations

We are compliant with:

• ISO 9001
• GDPR (EU Regulation 2016/679)
• ISO/IEC 27001:2022
  • Application Management
  • Service Management (Cloud)
  • Consultancy
• ISO 20022 – SWIFT Message
• OWASP Developer Guide https://owasp.org/www-project-developer-guide/
• OWASP DevSecOps Guideline https://owasp.org/www-project-devsecops-guideline/
• NIST Special Publication (SP) 800-160 https://csrc.nist.gov/pubs/sp/800/160/v2/r1/final