Payments
The Logica payments architecture (LPA) delivers safe and progressive transformation of payments, clearing and settlement as well as messaging business processes, applications and technology. The LPA combines business process and technology to enable solutions for all payments, high and low value, supporting a range of business strategies for banks and central market infrastructures.
For the commercial banking world LPA combines standard products and existing bank services in a flexible and adaptive model that meets the needs of payments businesses. LPA enables banks to refresh and renovate their payments businesses to meet customer and regulator demand, preserve and protect key functionality while improving fee income and speed to market.
The challenge to make payments more efficient is real and urgent. Within Europe the creation of a single market for euro payments services in the eurozone and the faster payments initiative in the UK, will result in rapid and radical changes in the infrastructure and operation of the payments marketplace.
In messaging LPA helps financial institutions deliver value from emerging SWIFTNet services covering reporting, bulking and connectivity to EBA STEP 2 and corporate customers. Our solutions and services help financial institutions to maximise their investment in SWIFTNet.
Beyond LPA, our expertise in magnetic and chip-based cards helps introduce new revenue earning services and deliver cost reduction, flexibility and increased security for card issuers and acquirers.
To learn more about our payments solutions contact us at financial.services@logica.com