Enhancing Instant Payments with PelicanInstant
Solutions for SEPA Instant Payments and Efficiency
- Adds immediate payment functionality, both inbound and outbound, to your existing infrastructure.
- Global solution supporting EBA RT1 and TIPS as well as other instant payment schemes
- Direct and indirect participants supported
- Process millions of transactions through scalable and flexible real-time in memory processing
- Bridges legacy gaps with Stand-In and Account Mirroring functions.
- Easy integration using APIs, MQ and files with any network and back-office system.
- Format agnostic, can convert to or from any other syntax to SEPA Instant formats.
- Available as fully managed cloud solution OR on premise.
IBAN Name Check
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Requesting and Responding Use Cases
A cornerstone of SEPA Instant Credit Transfer (SCT Inst) is accurate IBAN (International Bank Account Number) and Name validation.
Our IBAN Name Check solution, Pelican VOP, streamlines this process for both requesting and responding banks. By automating IBAN Name verification, we reduce errors, accelerate processing times, and ensure compliance with SEPA requirements.
Realtime Mirroring Gateway
Instant payments demand real-time, 24x7x365 operation.
Pelican Realtime Mirroring Gateway enables banks with core banking systems that work only in batch mode and/or do not support 24x7x365 operation, to support processing of inbound and outbound SEPA Instant payments.
By securely replicating account information like status and balances, we enable confident authorization of inbound and outbound instant payments while mitigating the risk of overdrafts and rejection of payments.
Name Screening for Instant Payments
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Ensure seamless compliance with SEPA instant payments using Pelican's advanced Name Screening solution.
Our cutting-edge NLP technology and sophisticated algorithms provide accurate screening of bank customers' information, significantly reducing false positives.
With immediate screening upon the implementation or amendment of targeted financial restrictive measures and daily checks to maintain continuous compliance, Pelican helps your organization stay agile and up-to-date with regulatory changes.
Instant Payments Screening
For an added layer of security, our optional Instant Payments Screening solution offers customizable transaction monitoring.
Define specific criteria to flag potentially high-risk transactions, such as those where PSPs (debtor or creditor agents) are located outside the EU, further safeguarding your institution from financial crime.
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Connecting Directly to RT1/TIPS via Service Bureau
Maximize the speed and efficiency of your instant payments by connecting directly to RT1/TIPS through our Service Bureau.
This direct connection reduces latency and streamlines transaction processing, giving you a competitive edge in the instant payments landscape.
Embrace the Future of Payments
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PelicanInstant Brochure and related resources
Brochures and Datasheets
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Related resources & information
Blog: Instant Payments Revolution Is Here: The New Standard Across Europe for the Benefit of Consumers and Businesses !
Learn More >Blog Instant Payments: The 5 Key Requirements Banks Need Now !
Learn More >Blog: Real-time Account Mirroring Gateway: The Secret Weapon for SEPA Instant Payments!
Learn More >Press Release: June 18 2024 London: Pelican AI launches Verification of Payee Service, a cutting-edge solution for secure and accurate payment transactions.
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