Intellect Design Elevates Payment Solutions with aplonHUB
The partnership between Intellect Design and PaymentComponents has been a success, with the integration of aplonHUB helping to support payment systems in the Nordic region. The technology behind aplonHUB meets the urgent need for regulatory compliance and adaptability in Account-to-Account (A2A) payment solutions. Thanks to this joint effort, a banking platform in the Nordic region is now one of the first in the cloud to offer Instant Payments to its customers.
Improve the performance, precision, and regulatory adherence of a cloud-based technology platform to answer the increasing needs of today’s financial market.
Help a financial institution in the Nordic region deliver Instant Payments using a cloud-based banking platform.
PaymentComponents has upgraded its payment system, aplonHUB, to work seamlessly with Intellect Design's cloud-based digital payment solutions, boosting transaction speed and compliance with financial regulations.
aplonHUB’s flexible design easily conforms to different financial messaging standards, which means Intellect Design's customers can meet all the regulatory requirements without any interruptions to their business.
PaymentComponents has included a toolkit (SDK) within aplonHUB that can be utilized to build, Parse, and validate Norway Instant Payment financial messages
The toolkit (SDK) within aplonHUB gets updates annually, immediately after new rules are publicized by governing authorities, ensuring the digital payment solution remains up-to-date with the latest compliance requirements.
Global Technology Leader, chose Financial Messaging SDKs as an optimum way to ISO20022 compliance.
The long-term collaboration between NEC Corporation and PaymentComponents, through the integration of Financial Messaging SDKs, proved to be a successful venture. Financial Messaging technology as implemented by Payment Components, addresses the immediate need for Compliance and Flexibility both for the MEPS+ and the CBPR+ standards. It also positions global technology leaders such as NEC in a power position on the evolving payments landscape.
Enhance the efficiency and accuracy of Financial Messaging of financial institutions in the MEPS+ (Monetary Authority of Singapore Electronic Payment System) protocol.
Ensure compliance and seamless integration with the newly introduced CBPR+ (Cross-Border Payments and Reporting Plus) messaging standard.
Payment Components provided NEC Corporation with its state-of-the-art Financial Messaging technology. This technology is tailored to seamlessly integrate with the existing Payment Gateways or Core Banking systems, enabling a smooth transition towards MEPS+, the new enhanced financial messaging protocol of Singapore.
The robust and flexible nature of Financial Messaging SDKs allowed also for a smoothless adaptation to the CBPR+ messaging standards, ensuring NEC Corporation clients remained compliant with the new regulatory requirements without any operational hitches.
The provided SDKs can be utilized to to build, Parse, and transform SWIFT MT Financial Messages to ISO20022.
The tools are updated annually, immediately after the new rules are publicized by Governing Authorities and SWIFT.
The integration of SDKs within existing payment applications, ensures a scalable solution, allowing and accelerating future expansions and adaptations to any Payment Scheme as the financial messaging standards and regulatory requirements evolve.
Electronic Payments Management Portal for a leading card processor
Cardlink is active in the field of electronic payments and in particular in the acceptance and management of card transactions, both physical and e-commerce. The company operates the largest network of POS terminals in Greece.
A custom application on top of the Payment Switches and POS Terminal Management Systems
The client needed a way to perform several activities like monitoring, reporting, billing, etc
They also needed a way for their Merchants to access their card-related transactions and other related business data
We implemented a cloud-based microservices architecture application around their Payment Switches and TMS.
We provided the client with an administrative portal to perform numerous tasks like in-depth reporting & real-time monitoring to critical processes such as billing & handling of card payments including all major card processors like Visa, Mastercard, Alipay, and cardless payments like QR codes & tokenized payments.
We also provided to different stakeholders related to our clients’ business activities, like Acquirers, Cardholders, Resellers, & Helpdesk, through the same portal, access to their card-related transactions, and merchant’s data. Our client had full control over what information these stakeholders could access.
Specifically, for their Merchants, we developed a dedicated portal to access their card-related transactions, business data, draw premade, or custom-made reports to cover their business needs (sales, accounting, marketing, etc), allow & manage multiple users on the same account with different access levels.
RCB Bank Ltd is a European bank with over 20 year history and one of the largest financial institutions in Cyprus. The Bank operates a universal banking model and serves thousands of local and international clients.
The client needed a quick and efficient way to become PSD2 compliant
They also needed a way to expose advanced APIs designed specifically for business clients
Install and integrate aplonAPI, API Management Platform with web banking system to conform with the PSD2 regulation of Europe in record time
Customize the platform and provide support to cover the needs of business clients for advanced APIs that are exposed by the bank
Provide Consulting services on Open Banking concerns and inquiries and enhance the platform regularly to cover all the changing needs of the client and all the clarification that comes from European authorities regarding the PSD2 regulation