Settlements System
 
 


Basic value elements critical for a payment system.

Reliability
The system completes the transaction every time.

Accuracy
The correct amount is transferred to the correct party at the correct time.

Security
The system is safe from fraud and breaches of security.

Safety
The system withstands all possible economic and social shocks.

Accessibility
The system is accessible by all the users regardless of location. In addition, transactions have to be recognizable and acceptable by all the parties.

Liquidity
The system has to provide funds when needed.

Finality
At some predetermined time, the transactions have to be final and cannot be reversed.


The strength of the Isis Settlements System is that it is designed and developed incorporating the latest technological engineering concepts and industry standards of open systems. It is made up of the following core modules:

The Isis Payment Module that offers the user a full range of payment services covering:

•   Account Transfers
     
•   GIRO Straight-Through
     
•   RTGS Straight-Through
     
•   SWIFT Straight-Through
     
•   CO/DD Issuance
     
•   Auto-credit & Auto-debit
     
•   Bulk Payments
     
•   Bill & Facilities Payment
     
•   Automated Standing Instructions
     

Each of these complete Payment Modules come with a host of facilities such as:

 		  
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A Payment Facilitator that allows Payers to input, save, save for copy, verify, approve, amend, cancel and print payment instructions

     
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A Payment Rules Table that allows the Bank to maintain and update the payment rules

     
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A Message Reject/Confirmation Facility for confirm or reject messages with automated customer advice viaphone, pager, fax or email.

     
•   A Report Generator Facility that allows the Bank to generate reports in addition to the standard reports provided.
  
 

The Isis Service Application Modules complement the Payment Modules by providing the required common shared services in the execution of payments. These cover:  
   
•   A Currency Exchange Module that manages multi-currency exchange, treasury rates table, country and currency codes and FX Contract Management.
     
•   A Pricing, Billing & Profiling Module that manages the Payer Registration, Pricing, Billing and Product Utilizing services.
     
•   An Automated Alert & Notification Module that provides User Definitions, User Maintenance, Alert Modes and Alert Monitors.
     
•   An Access Control & Limits Module that provides Limits & Access Management, Audit Logs, Multi-Level Authorization, Encryption and a comprehensive Log Manager.
     
The Isis Interface Modules completes the Settlements System by providing a complete set of Terminal Control, Presentation and Communication facilities. These facilities handle the transaction processing, message formatting and communications with any external host.