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Payment Hub

Move from dispersed payment systems to a single, scalable, and modular solution for all payment types, enabling easy integration with other ecosystems.

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One platform to cover full payment value chain

Tietoevry's composable Payment Hub (TPH) is a unified platform that covers full payment value chain starting from payment initiation, execution, messaging and connectivity to external system. It supports all payment types – domestic, regional, and complex high-value international payments. The solution is suitable for traditional to real-time payments.

Payment Hub supports payment schemes like SEPA credit transfers, SEPA direct debits, Target2, P27, and instant Payments. It is always compliant with the latest industry developments and standards like ISO20022, SWIFT, PSD2, also various rule books, and implementation guidelines. With the integration of Visa B2B connect, we enable to serve corporates’ B2B payment needs better through real-time transactions, payment predictability, and transparency.

The platform facilitates easy integration with any other existing banking system set up. Whether you require only a specific feature or are considering a full payments system upgrade, the open architecture of Payment Hub will support a stepwise implementation. This way, you can extend the solution to fit new modules and new payment types as needed.

Jarkko Turunen

Head of Product Management & Business Development

Based on your business requirements, you can choose between a SaaS, hosted cloud, or an on-premise solution delivery model.

Flexible delivery models

Based on your business requirements, you can choose between a SaaS, hosted cloud, or an on-premise solution delivery model.

The platform is designed to support your transformation journey towards payment modernization, standardization, and real-time.

In pace with industry trends

The platform is designed to support your transformation journey towards payment modernization, standardization, and real-time.

With one payment platform for all your payment processing activity, your operational and maintenance costs will be considerably reduced.

Cost savings

With one payment platform for all your payment processing activity, your operational and maintenance costs will be considerably reduced.

What are the components of a payment ecosystem?

An adaptable solution effortlessly initiates and executes payments across ISO 20022 schemes. It ensures smooth API-based communication with the bank's core system, provides comprehensive lifecycle management (including exception handling), and remains fully compliant with rules and regulations.

Effortlessly capture, bulk, and de-bulk payment messages. Enjoy flexible transaction routing to diverse capabilities and clearing mechanisms. Benefit from streamlined reconciliation, detailed settlement reports, and simplified booking entries.

Experience cutting-edge directory services seamlessly integrating static business data and processing rules. Unlock unparalleled efficiency and accuracy through swift validations and calculations with our solution.

Boost processing efficiency using our advanced pre-validation capability. Conduct a comprehensive array of checks before any payment progresses in the chain, ensuring a streamlined flow and safeguarding against errors and operational hassles

Ensure secure and precise payments with our Confirmation of Payee/Verification of Payee feature. Fortify against errors and fraud by verifying payee details, ensuring payments reach the intended recipients confidently and accurately.

Enhance payment workflows using our Alias register, streamlining transactions by linking aliases with payments. Simplify the payment process, improve user experience, and boost efficiency in managing payer/payee information.

Automate recurring payments seamlessly for convenience and efficiency. Enable precise customization, letting users establish agreements based on triggers. Enhance financial control, minimize manual intervention, and ensure timely, reliable payment execution—ultimately saving time and optimizing the overall payment process.

Optimize banking operations with precise financial record matching, mitigating risks, and ensuring compliance. Streamline operations, cut costs, and gain unparalleled transaction visibility. Foster customer confidence through timely and transparent reporting.

Enhance your business with our request-to-pay feature, streamlining payments for accelerated efficiency, optimizing financial management, and fostering customer loyalty through a flexible, secure, and digitally aligned payment experience. All this while ensuring regulatory compliance and adapting to evolving digital trends.

Sanctions screening offers financial institutions risk mitigation, regulatory compliance, operational efficiency, and an enhanced reputation. Customers, in turn, enjoy increased transaction security, reliable services, and a heightened sense of trust and confidence in their financial institution.

Enhance financial messaging with the Message Hub – a secure solution for seamless communication and payment processing. Effortlessly transform, validate, and route messages, ensuring compliance with global standards.

This capability integrates your payment processing with clearing and settlement infrastructures. We provide continuous compliance with relevant rulebooks and offer multiple connectivity options with ready connectors to infrastructure services.

This feature seamlessly links your payment processing to clearing and settlement infrastructures, ensuring ongoing compliance with relevant rulebooks. Choose from various connectivity options with pre-built connectors to infrastructure services.

Transform your bank's payment capabilites
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Key features

Open and modular architecture

The solution’s open and modular architecture is designed to handle the entire payment life cycle, while meeting the commercial and operational requirements of a challenging and fast-paced market moving forward.

Standardised APIs

A suite of APIs built on industry-wide standards creates seamless integration with external systems, without the need for code changes to core products. This allows banks to offer new and improved payment services to customers through existing channels.

Easy configuration

The system can be configured to support all relevant payment types. Business requirements are met through highly flexible and intuitive technology, allowing parameters to be set and adapted with ease, and changes in payment processing to be made in short time frames.

Interfaces to clearing systems

Connect to financial networks such as SWIFT or SIAnet, based on your preferences and requirements.

Visa B2B Connect

Offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders.

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In the spotlight

Request to Pay is Transforming the Future of Nordic Transaction Banking

As RTPs and R2P evolve, the landscape offers fresh opportunities for transaction banks in Sweden, Denmark, Norway, and Finland.

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Nordic Banking in Transition from SWIFT FIN to ISO 20022

Each Nordics country is navigating the evolution from traditional messaging standards to the cutting-edge ISO 20022.

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Tietoevry Banking integrates Visa Direct to its Payment Hub

Enable better service to corporates’ B2B payment needs through real-time transactions, payment predictability, and transparency.

Read more

White paper: The untapped opportunity in B2B banking

See how real-time payments can unlock growth in corporate and merchant banking, far beyond the consumer market.

Read more

How Luminor bank achieved payment processing independence and consolidation

The uphill challenge to achieve 9 go-lives within 12 months.

Learn more
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