Payments Event Processing
The Challenges:
Faced with increasing business speed, new regulations and constantly changing messaging standards, your processing system needs to offer more visibility and flexibility than ever before. This is even more imperative in the current economic climate; each debit and credit must be performed with complete accuracy and reliability.
The Solution:
The Progress® Apama® Complex Event Processing (CEP) solution offers real-time visibility into payment operations. The solution is based on defined rules that enable users to pro-actively detect exceptions, unwanted activity, errors or fraud, run checks on anti-laundering and automate and prioritize how to deal with different payments.
Apama provides business activity monitoring (BAM) dashboards that enable any payment to be monitored, from any angle, “in-flight" or not and in real-time. The solution also provides a solid platform for monitoring countless and ever increasing numbers of in-flight payments, combined with a countless number of rules.
Apama can also help you achieve:
- Real-time electronic banking operational visibility: This visibility helps banks to spot exceptions, prioritize important payments and more proactively deal with “severity 1” errors. This is important for banks operating large electronic banking systems in which 100 of thousands or even millions of payments are processed per day.
- Real-time cash management: Banks can minimize the difference between the expected and actual position at the end of the day, which can result in an immediate monetary savings.
- Real-time fraud identification: As payments go international and become faster in nature, there are more opportunities for fraud. CEP allows you to spot potentially fraudulent activity and do anti-laundering checks in real-time resulting in lower losses, faster payments and increased customer satisfaction.
