Clear2pay’s Bank Payment Hub (BPH) is an umbrella payments solution offering a combination of tactical products. The BPH enables financial institutions to implement a centralised payments infrastructure that facilitates origination through instruction management to execution across the enterprise. Move away from the silo approach in a controlled manner to significantly reduce time-to-market, migration risk and maintenance costs whilst providing a future proof, component based payment infrastructure.
The evolving nature of international payments markets and regulatory changes constrict some tactical and even strategic decisions. Regional initiatives around the globe have banished domestic one-market-fits-all solutions to history as modern payment systems need international reach. The widespread adoption of the Single Euro Payments Area (SEPA) and EBPP coupled with growth in Remittance, cross-border payments and check usage in the USA, mean all banks, wherever they are based, need international readiness more than ever.
The Bank Payment Hub from Clear2Pay is a centralised payments infrastructure derived from the Open Payment Framework (OPF). The BPH allows banks to manage payments from origination through instruction management to execution across their enterprise.