Payments Solutions

Manage all bank to bank and bank to customer transactions

Request Information

  • Enable faster and secure payments

    Replace legacy systems with advanced e-payment system to attain speed and accuracy.

  • Enhance Customer Experience

    Significantly reduce cycle times to enable faster processing and unmatched customer services.

  • Mitigate
    Operational Risk

    Establish swift verification process, robust payment status monitoring and quick inter branch reconciliations.

The global financial landscape has seen a transition from paper based modes of payment to faster & more reliable electronic payment systems. To gain competitive advantage, it has become an imperative for banks to replace their out-dated payment systems with ones that can help them adapt to the constantly evolving payments landscape. A critical market differentiator is the speed with which banks can process payments effectively and efficiently in all forms. In doing so, they become vulnerable to frauds, as well as operational errors that could adversely affect their performance.

Solution Highlights

End to End Automation

Newgen Payment System supports end-to-end automation of transactions. Starting from the point of capture / initiation, to processing across various stages (such as maker-checker) and finally host to host connectivity for interfacing with different banking systems, the system controls the entire process lifecycle.

Fast and Secure Electronic Payments

The Newgen Payment System allows organizations to replace disparate legacy systems with an advanced e-payment system to attain speed and accuracy while maintaining complete control over operations and performance.

Enhanced Customer Experience

Newgen’ Payment System significantly reduces the payment processing cycle and delivers unmatched customer services. It provides real time access to customer data and transaction history through world class archival and retrieval solutions.

Reduced Operational Risk

Newgen Payment System helps financial institutions establish swift verification processes, robust payment status monitoring checks and quick inter-bank and inter-branch reconciliations. The system provides real time visibility across different payment processes.

Unmatched Security

The system provides complete security cover through user access control mechanisms, roles & privileges definition, digital security using PKI infrastructure and data encryption using industry standard hashing and encryption algorithms.

Proven Integration Capabilities

The system has in-built integration touch points defined for Core Banking systems, Cash Management Systems, Signature Management Systems, Cheque Deposit Kiosks and Central Bank interfacing. The system supports integration through Web Services, APIs, Database access and hands off files.

Transport Independence

Newgen Payment System is based on open standards and supports different types of cheque scanners like Canon, Panini, Digital Cheque, CTS Electronics etc. The system also supports image capture through specialized ATMs and Cheque Deposit Kiosks.

Monitoring and Tracking

The system provides comprehensive audit trail maintenance in the system. Real-time monitoring facility is provided for administrators and process owners to quickly identify process bottlenecks and improve the business process control and management.

Request A Demo of Newgen Payment Solutions

The global financial landscape has seen a transition from paper based modes of payment to faster & more reliable electronic payment systems. A critical market differentiator is the speed with which banks can process payments effectively and efficiently in all forms. In doing so, they become vulnerable to frauds, as well as operational errors that could adversely affect their performance.

The Newgen Payment System consists of the following solutions:

  • Cheque Truncation System (CTS)
  • Automated Clearing House (ACH)
  • Direct Debit System (DDS)
  • Signature Management System (SMS)
  • Post-Dated Cheque Management System (PDCMS)
  • Corporate Cheque Clearing (CCS)
  • Society for Worldwide Interbank Financial Telecommunication (SWIFT)
  • Mobile Cheque Capture Solution