The VTPie programme, born as an innovative path within the payment system’s sphere, focuses on the engineering of legacy applications based on Open platforms, Java and SOA architecture, subverting the traditional logic with which such applications have been operating for years in mainframe environments and with obsolete programming language.
In order to meet different needs of Financial Institutions concerning the approach to renew the Payments area, the new VTPie model is now divided into 3 propositions:
- VTPie Elite (Payment Hub): addressed to those Banks that want to review the offering model, the processes and their IT infrastructures within their payment systems. Enables the integrated management of payments during the whole value chain.
- VTPie Enhance: offers innovative solutions that can be easily integrated within existing infrastructure in order to meet a specific need.
- VTPie EASY: consists of value added modules that improve the offering of Financial Institutions towards their customers.
ELITE (Payment HUB)
Kernel payment engine
It is the core of application that manages the workflows, business rules, adapter integration and contains all SOA services.
It permits a horizontal and vertical scalability to ensure the parallel processing of high volumes using the state of the art of open technology.
It's implemented in JAVA and works with major application servers.
Multicurrency Credit Transfer
Supports the integrated and coherent processing of domestic, SEPA and international credit transfers; releases banking operations from being treated by different inter-banking standards thanks to a data model, Payment Data Model, compatible with the formats: SWIFT, RNI and ISO20022. It’s multi-banking and multi-language.
Advanced Direct Debit
Supports the integrated processing of the SEPA direct debits and those Italian domestic; releases banking operations from being treated by different inter-banking standards thanks to a data model, Payment Data Model, compatible with the formats: RNI and ISO20022. It’s multibanking and multi-language.
Universal Access Bridge
Bank to bank: guarantees network access to SWIFT, RNI, EBICS and the management of their Message Formats. It offers monitoring tool for Input and Output streams management and repair functionalities on SEPA, RNI, SWIFT, FIN and SWIFTMX messages; it enables also the conversion between different formats.
Customer to bank: guarantees the connection with corporate and PA and manages the flow formats. It offers services such as payment initiation, reconciliation, payment enrichment, and provides customized services at customer level.
Clearing & Settlement Hub
Supports the exchange of credit transfers, direct debits and bank-to-bank transfers with other banks through wholesale and retail system infrastructures and standard frameworks on the basis of bilateral corresponding agreements through Trust directory module . Towards Universal Access Bridge module it releases banking operations from being treated by the different inter-banking standards thanks to a data model, Payment Data Model, compatible with the formats: RNI and ISO20022.
Pricing & Conditions
Allows the pricing and the conditions of the products offered by the bank to be managed in a centralized repository; provides services to retrieve prices and conditions to apply; these services can be called both
by other VTPie modules and by external procedures, allowing a single and centralised environment to be
created in order to manage the conditions to apply the end clients.
ENHANCE (Specific Payment Modules)
SEPA Credit Transfer
Supports the integrated and coherent processing of SEPA Credit Transfer.
It ensures the processing of high volumes and supports management of specific Additional Optional Services and Value Added Services (Administration of Standing Orders, Repair on Behalf of the Client, Customer monitoring etc.).
Connected to the SEPA Payment Plug module, it enables to release the channels from the Payment System and facilitates the migration to Sepa of domestic payments.
SEPA Direct Debit
Supports integrated processing of SEPA Direct Debits. Thanks to the availability of a components and processes libraries, it supports the Bank in meeting both the Additional Optional Services of local communities and the specific VAS designed by the Banks (Mandate Management, Debtor Profiling, SDD Late Presentation etc.).
SEPA Payment Plug
Allows the connection of Bank payments modules on SEPA frame work, offering formats conversion, files parsing, suspended items management, and reconciliation items management.
It can be used for connecting the Bank applications (legacy or channels systems) to a processing Payment Hub or directly to an ACH.
Swift Access Bridge
Guarantees network access to SWIFT network and the management of its Message Formats. It offers monitoring tool for Input and Output streams management, repair functionalities on SWIFT, FIN and SWIFTMX messages and enables conversion between different formats.
Domestic Access Bridge
Guarantees network access to RNI and EBICS network and the management of its Message Formats. It offers monitoring tool for Input and Output streams management, repair functionalities on RNI messages and enables conversion between different formats.
Payment Account
Offers a wide range of services dedicated to traditional and innovative payments: entire management of payment accounts (even associated to external applications such as cards, current accounts, mobile, etc), p2p payments, micro-payments, etc.
EASY (Additional Payment Services)
Worker's Remittances
Allows the handling of the worker’s remittances in an “end to end” process from the collection to the management of the different networks and of the different intermediaries. It manages the activities with both the correspondent banks and the Money Transfer Operator (MTO) and is compliant with the new SWIFT Workers Remittance service.
Liquidity Monitor
Enables the management of the foreign currency accounts and the accounts held at Target 2, the monitoring and forecast of the incoming and outgoing liquidity flows. It is integrated with file exchanging modules of Universal Access Bridge and with reconciliation module of Clearing and Settlement Hub.
Trust directory
Manages the master data interbank reachability. It includes upload functions, manual modification and user consultation. It can be integrated with other VTPie modules or third party procedures.
Anti Money Laundering
Permits to highlight the operations that require a deeper analysis on the basis of compliance rules concerning the risk category, amount related to the type of operation and the level of risk of counterpart country.
Tracking end2end
Stores aggregated payment information in a dedicated database that will be used for tracking purposes. This allows monitoring of the events associated with the various stages of the payments lifecycle.
Ultimate Direct Debits
Manages the collecting of payments on behalf of companies or entities that want to use a Banking institution as the collector. It handles the data exchange between the Ultimate Creditor and the bank which provides the service, the accounting reconciliation , the booking on treasury accounts.
The integration with the Universal Access Bridge consents the interface with standard systems used by corporates for exchanging collection data.
Billing Reconciliation
Allows the reconciliation of the invoices issued by both Swift and domestic network providers,
enables the registration of invoicing rules, the simulation of passive invoices and permits the analysis of the savings. It can be integrated with the Universal Access Bridge.