Looking for a solution to carry out real-time money transfer encompassing multiple touch points , process high volumes and scale up to your needs? TPS offers Moneta, a remittance processing solution which facilitates inward remittances from various exchange aggregators, third party payment providers and banks to beneficiaries within the country. The solution is capable of interfacing with several financial entities through different mediums.
Moneta is scalable and supports the dynamic addition of new exchange companies, financial institutions and banking channels. It allows the configuration of messages and file formats for each channel and exchange company, enables the formulation of rules to help effectively manage legacy formats and records the maintenance of each transaction.
A Dispute Management System (DMS) has been enabled to park transactions which are unprocessed by the host bank. A backoffice user can amend, retry and cancel transactions which attempt processing through the DMS queue.
The remittance processing solution is designed to handle high volumes of transactions. Moneta enables end-to-end processing of home remittances on a near real-time basis, seamlessly connecting exchange houses, money service businesses and corresponding banks.
Helping You with Your Complex Processing Needs
- Pre-staging reduces rejections due to low balance or other issues.
- Web-service interface for companies which are not operating on file-based systems.
- Users can make corrections even after initiating a transaction.
- Ensures auto cleansing and proper scrutiny of every transaction.
- AML compliance verification.
- Facilitates multiple payment/disbursement options.
Key Benefits
Multiple Disbursement
Flexible Integration
Straight Through Processing
AML/CFT Compliance
Advance Data Cleansing
Compliance with Global Security Standards
Comments are closed.
