Misys Payment Manager

Misys Payment Manager (MPM) is a packaged global payment hub designed to help banks with multiple core-processing systems centralise and streamline their payment processes.

MPM is powered by Misys Message Manager and Misys Portal technology, proven in our 200 customer sites around the world. MPM includes functionality that extends visibility and control of a payment throughout its complete lifecycle – from origination to settlement. Download our case study and discover how NAB is benefiting from this solution.

Payment hub or Payment engine? Barry Kislingbury, Solution Manager at Misys, discusses the relative merits of payment hubs and payment engines in his recent article published in International Payments. Read the article here.

Solution Benefits

Quick and low risk way to modernise your payments environment
Improve efficiency through standardisation and process automation
Win new business with enhanced services and competitive products
Tailor the solution to your needs without extensive development work
Protect and utilise existing assets – no expensive replacement or re-engineering

Tailored to your needs

MPM can benefit a range of payment environments regardless of size, complexity, and structure. For example, MPM can be deployed as a centralised payment processing hub replacing complex payment flows between existing core processing systems.

Equally, MPM can be wrapped around existing legacy payment engines, modernising the payments system and providing a modern, agile and flexible payment hub.

Early return on investment

MPM’s flexible architecture allows banks to take a phased approach to modernising their payment systems - focusing on solving specific business issues via a series of manageable projects. Migrating to a strategic payments environment can be achieved whilst delivering continuous benefit and early ROI.

By breaking down operational silos and implementing a standards-based payment hub, banks can realise significant operational benefits and revenue-generating opportunities.

Overview
Technical Specifications
Downloads
Case Studies

Misys Payment Manager (MPM) automates the processing of all payment types - from high value cross-border to low value, high volume domestic retail - on the same platform. It is a truly global solution, supporting 24x7 operations, multiple languages, calendars and currencies.

MPM consists of four high-level services:

Payment Initiation - Responsible for receiving and validating payments, establishing the payment type and passing them on for further processing
Payment Processing - The payment type will determine the processing steps required, including validation, prioritisation, defaulting and enrichment of data, routing, calculation of fees, risk monitoring and reporting
Payment Delivery - Responsible for transforming payments into the correct format for the targeted execution mechanism and delivering them. For example, SWIFT FIN, SEPA, Target2, STEP2 and SWIFT Bulk payments.
Post-processing - Invoked for matching and reconciliation, exception handling, rejection processing, audit and archive

In addition, the solution supports a wide range of standards and provides the capability to connect internally to back-office systems and third-party services, as well as external financial messaging services and Clearing and Settlement Mechanisms.

SWIFTNet Workers' Remittances

MPM now includes support for the SWIFTNet Workers' Remittances service, allowing quick and easy integration. Download our Workers' Remittances Fact Sheet.

The market for remittances has been growing steadily, especially since the World Bank asked banks to play a greater role in offering lower cost alternatives to the existing Money Transfer Organisations (MTOs).

In response, SWIFT has launched the SWIFTNet Workers' Remittances service in conjunction with a group of participating banks. This new service includes new message types, validations, business processes, reference data and rules to facilitate cross-border, low-value, person-to-person payments.

Our technical approach consists of utilising advanced SOA, standards-based solutions designed to help banks break down operational silos into functional elements. Misys provides agile development environments to support all SWIFT standards and services and complete modern payment engines.

MPM uses Java EE which means seamless integration into a bank's Java EE environment, re-using investment in scalability and redundancy. This is especially important when we talk about a payment hub that integrates all current legacy systems within the bank to give them the ability to support new standards and services required by regulations and opportunity.

MPM is designed to be implemented incrementally, creating a low risk, gradual implementation approach that delivers business benefit and ROI all the way through, important in this mission-critical system space.

Misys Payment Manager Fact sheet

SWIFTNet Workers' Remittances Fact sheet

Payment hub or Payment engine? - International payments article by Barry Kislingbury, Solution Manager, Misys

MPM, the PSD and SEPA Fact sheet

These case studies describe how our customers have used our Payment & Messaging solutions to transform their payment systems.

NAB case study

IBS Journal: ABSA case study

SBSA: The changing payments landscape

ABSA FileAct case study