SEPA Solutions : Logica All Payments Solution
Logica All Payments Solution - Industrialising SEPA
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 also allows banks to gain maximum efficiency and service benefits from operating a single SEPA payments hub that caters for bank branches and businesses operating across different countries. A LAPS PSH is not just limited to SEPA or Europe; it will also cater for any wider payment needs, both geographically and for other transaction types: real-time, single, batch, high-care*.
Key benefits
- Reduced costs by replacing multiple inefficient, outdated systems geared towards legacy national paymentschemes and processes
- Increased STP rates: assisted by LAPS’ market leading 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 formultiple SEPA Clearing & Settlement Mechanisms(CSMs), helping youobtain 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 real-time 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
*LAPS High Value incorporates some proprietary software belonging to Dovetail Systems
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