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Microgen PCS - Integrated Payments hub

Payment Hub

Microgen PCS provides a single integrated interface between an organisation's multiple payment systems and external payment bodies.

Managing the data, applications and interfaces for disparate systems presents a major obstacle to operational efficiency, new service development and rapid response to business change. Microgen's Payment Control System replaces 'application spaghetti' delivering a robust, automated environment in which payment data can be sent and received. The solution is targeted at organisations seeking to streamline their payment processes and looking to benefit from emerging payment initiatives such as SWIFT and SEPA. It is also specifically used by agency banks looking to automate paper processes in their communication with clearing banks.

Microgen's Payment Control System enables organisations to:

• Benefit from a central point of operational control for all payment information
• Extract more value from disparate systems, for example, all direct debit instructions can be held and maintained from a single point
• Connect legacy systems with newer applications, a recent example being the launch of BACSTEL-IP
• Integrate heterogeneous systems following a merger or acquisition
• Take advantage of the latest banking facilities without the disruption and cost of redeveloping or replacing core systems
• Easily add new products and services
• Schedule all input/output processes
• Manage reconciliation across their internal systems and external payments and payments data

Benefits

• Single managed view of payments process
• Configurable and granular user access and security to meet current regulatory requirements
• Secure and auditable
• Scalable to meet demanding transaction levels
• Modular in design and hence extensible
• Future proof
• Conforms to scheme rules
• Optimised for quick deployment

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