5 stars based on
Turnkey scalable solution for the processing of low value payments and cheques combining efficiency and reliability of service with sound position maintenance and liquidity management facilities…. The Montran Automated Clearing House ACH has been designed, from its inception, to ach intraday liquidity reporting real-time immediate netting of payments, cheques and other financial instruments.
It handles batch processing in either continuous or deferred settlement mode. The ACH can handle very large volumes of low value payments and cheques, and combines efficiency and reliability of service with sound position maintenance and liquidity management facilities. The ACH is an electronic clearing system that enables files of payment instructions to be exchanged among financial institutions.
It calculates multilateral net positions and submits a net settlement instruction to RTGS to perform the settlement. The Montran ACH is designed and sized to handle large volumes of payments and files. The Montran ACH system has been benchmarked, together with an independent Auditor, and proven to process more than 25, payments within two hours on a dual-socket Intel machine ach intraday liquidity reporting cores. The system may optionally forward detailed files on validation.
Incoming data files may be transformed into batches per Bank and recombined into signed outgoing data files per recipient bank to reduce network over-loading. This design allows the Montran ach intraday liquidity reporting to be cost and performance effective for both low volume and high volume operators. Automated Clearing House ACH Turnkey scalable solution for the processing of low value payments and cheques combining efficiency and reliability of service with sound position maintenance and liquidity management facilities… The Montran ACH Solution The Montran Automated Clearing House ACH has been designed, from its inception, to perform real-time immediate netting of payments, cheques and other financial instruments.
Features Modules Security Features of the Montran ACH A modular component structure to meet individual requirements and provide flexibility for growth and expansion as needs arise. ACH payment entry and processing using standard message formats with or without image records i.
Complete monitoring ach intraday liquidity reporting projected positions available to both the ACH operator and Participants.
Operational reliability with backup and contingency arrangements. Ach intraday liquidity reporting of a statistical database with query and reporting facilities, including charts.
Secure, encrypted, digitally signed, interactive communication for system monitoring and file exchange. ACH file submission and payment data entry modules. Calculating and requesting the required collateral in anticipation of a settlement session. Ach intraday liquidity reporting to suspend payments. Processing high priority payments or VIP cheques in real time mode with continuous settlement. Store and forward function to allow submission of files overnight, to optimize network bandwidth usage.
It determines the correct routing of files and messages either to the Montran ACH module or to other Participant Banks. This module also provides the ACH connectivity to external systems and interfaces, e. It records all debits and ach intraday liquidity reporting to the technical accounts of the Participant and generates a multilateral net settlement transaction for final settlement.
Ach intraday liquidity reporting also maintains queues of unsettled files and provides the functionality for the extensive liquidity management services provided by the System. It ensures that only payment files that meet all the system criteria are forwarded to the Payment Processor module. The sorting of payment instructions into homogeneous batches is also handled by this module, before submitting the transactions for clearing to the Payment Processor module.
It maintains the audit history of all transactions processed by the ACH and can be used to generate required reports. Statement production can be customized to Bank requirements.
Automatically produced statements can be printed, or transmitted via available networks. The ACH is designed to handle changes in network ach intraday liquidity reporting with a minimum disruption to existing applications. Files transmitted are digitally signed at the batch level. Architecture Based on open system architecture A standard browser based "thin client" user interface Server application components written in Java and running in ach intraday liquidity reporting enterprise environment, Java EE 5.
The application architecture allows for maximum hardware platform independence, providing the system with a long life cycle and upward compatibility. It also provides cost effectiveness, reliability, forward integration and dependable performance.