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Logica All Payments Solution (LAPS)

The “Logica All Payments Solution” (LAPS) is a proven, market-leading solution that addresses all the payment processing needs of financial institutions, regardless of being retail or wholesale market focused. LAPS provides a perfect Payment Services Hub (PSH) solution, making it easy for banks to deploy fully harmonised SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) services, whilst enhancing their broader customer propositions at the same time (e.g. with real-time transaction reporting).

LAPS will handle as many payment schemes, currencies, countries and user languages as you need. With a proven performance benchmarked at 51 million payments per hour, LAPS is the ideal platform for even the very largest banks and other Payment Service Providers.

Using LAPS provides many opportunities to deliver value added services to your customers, dramatically reduce costs of payment processing, gain competitive advantage, and increase payment revenues.

Key benefits

  • Reduced costs by replacing multiple inefficient, outdated systems geared towards legacy national payment schemes and processes
  • Increased STP rates: assisted by LAPS’ marketleading Straight-Through Exceptions (STE) features
  • Improved market agility: you can quickly take advantage of further SEPA developments such as the introduction of a new Additional Optional Service (AOS ), or new processing and settlement cycles. In addition LAPS’ offers support for multiple SEPA Clearing amp; Settlement Mechanisms (CSMs), helping you obtain the best fit for your strategic needs
  • Maximise new revenue potential from your ability to deploy new product features and client-specific service levels with speed
  • Grow as you go: start with a low cost / low volume implementation and grow capacity to cater for national SEPA migration plans. LAPS’ ready scalability gives you peace of mind when considering major new business deals and insourcing / centralisation opportunities
  • Provision of realtime information and comprehensive business activity monitoring
  • Improved risk management and protected reputation
  • LAPS’ flexible approach allows banks to continue leveraging existing legacy functions where they remain fit-for-purpose, again helping to contain bank costs

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Lode Snykers
Talk with a Logica expert
Lode Snykers Head of Global Financial Services

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