Payment Modernization & Digitalization

An Enterprise Message Hub

Message based communication
& Application Integration made simple

Payment Modernization & Digitalization ~ Overview

Move beyond messaging tools to transaction processing platforms that maintains status as well as positions while facilitating message-based communication. Learn more about Payment Modernization and Payment Digitalization with ECS Fin.

What is Payment Modernization?

It facilitates, streamlines, administers and manages all data movements between systems and entities irrespective of differences in format, protocol or schedule and extend interface and dashboards for tracking and exception handling capabilities.

A good modernization exercise should result in the digitalization as well customer experience can become efficient without having to utilize cash or having to rely on physical appearance at the facilities

What is Payment Digitalization?

Payment digitalization is the process of enhancing the transaction processing experience between service requestors and service providers whereby dependency on cash or branch offices can be minimized or eliminated.

Why are banks modernizing their payment infrastructure?

Banks have a need to match up the user experience of their customers that can only be attained through modernizing their payment infrastructure. A highly successful modernization will result in compliance to various aspects of digitalization as well.

Payment Modernization and Payment Digitalization

Payment Modernization & Digitalization ~ Roles

What is the role of ECS in Payment Modernization?

ECS Fin offers IMS, an integrated payment processing platform that addresses all aspects of payment processing from initiation to settlement, connectivity to transmission, pre-processing to clearing, settlement & post processing, and beyond to data governance, customer services and reporting.

The IMS payment platform combines and hosts a series of modules, services and supporting components categorized and listed below. They are readily available and can be engaged at will to build a custom solution that fits well to the bank’s needs.

Enterprise Payment Hub

A well-organized transaction processing system that can simplify, manage and control the end-to-end processing of all payments, connectivity, integration, workflow and messaging.
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Enterprise Message Hub

An efficiently engineered data capture, storage and distribution platform that addresses the entire range of data exchange between internal applications, external entities and all interested parties.
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ECS Business Connect

The IMS platform has a series of connectivity services that can be easily engaged through simple parameter settings. They act like plug-ins for rapid integration with known core systems, external entities and services providers. .
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Enterprise Trade Processing Platform

Optimize your trade processing environment. Minimize breaks, engage early intervention. Utilize Swift Securities View. Move money and securities efficiently between various parties of the trade. .
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Payment Modernization & Digitalization ~ A Systems Approach

Why IMS is the best option for Payment Modernization?

IMS comes with some very important unique capabilities accomplished through three distinct levels of Processing and distinct stages of processing.

Three Levels of Message Administration

Three Stages of Transaction Processing:

Payment Modernization & Digitalization ~ Benefits

Values, benefits & efficiency factors of IMS

Payment Modernization & Digitalization ~ Contact Us

Get in Touch

Talk to an ECS Analyst to explore our Risk-free acquisition model and to access an Evaluation Instance that may represent your needs.