Tieto Payment Suite. Why Tieto? Making payments pay off

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1 Why Tieto? Benefit from our leading and proven payment solutions to reduce operational costs and improve your services Profit from our extensive expertise and experience in payments and integration of payment solutions in complex international bank environments Work together with a well-established and leading solution integrator in Europe Reduce risks by choosing a trusted partner with a long-standing track record within payments and a Nordic best-practice heritage Get to know Tieto s vision on payment strategies in the European market Get in touch with the leading visionary and service provider on the latest esepa developments like einvoicing Please contact Dagfinn Loen Sales Manager Payment Solutions Phone: Mobile: dagfinn.loen@tieto.com Tieto Payment Suite Making payments pay off

2 Facing your payment challenges Highlights Tieto Payment Suite The payment industry is going through a period of turmoil right now. Declining revenues, upcoming new regulations such as the PSD and SEPA DD rulebooks, outsourcing & insourcing, ACH consolidation, and many more. No matter what their size, every bank needs solutions to meet these upcoming challenges. Large banks and payment processors must improve efficiencies and consolidate processing in order to reduce costs and improve their services to gain market-share in a highly competitive payment insourcing market. This requires highly flexible solutions that can be configured with ease to meet the commercial and operational requirements of a very demanding payment market. Smaller banks that want to outsource certain parts of their payment processing need solutions to do so without impacting the services they provide to their customers. More and more banks turn to Tieto for their needs in payments. And with good reason. The Tieto Payment Suite is a flexible and proven solution, fit for large-scale organisations as well as smaller banks. The banks using Tieto Payment Suite have found out that there is money to be made in payments. One integrated suite of products for all payment types Compliant with the latest industry developments (amongst others SEPA, UNIFI, SWIFT, MT202COV) Highly parameterisable via UI Comprehensive multi-bank and white-labeling capabilities Multi-channel support Modular, SOA based architecture Common data repository based on industry standards (UNIFI, SWIFT) Comprehensive API (web services) for integration with bank systems Designed for high volume processing High availability and robustness

3 Facing your payment challenges Highlights Tieto Payment Suite The payment industry is going through a period of turmoil right now. Declining revenues, upcoming new regulations such as the PSD and SEPA DD rulebooks, outsourcing & insourcing, ACH consolidation, and many more. No matter what their size, every bank needs solutions to meet these upcoming challenges. Large banks and payment processors must improve efficiencies and consolidate processing in order to reduce costs and improve their services to gain market-share in a highly competitive payment insourcing market. This requires highly flexible solutions that can be configured with ease to meet the commercial and operational requirements of a very demanding payment market. Smaller banks that want to outsource certain parts of their payment processing need solutions to do so without impacting the services they provide to their customers. More and more banks turn to Tieto for their needs in payments. And with good reason. The Tieto Payment Suite is a flexible and proven solution, fit for large-scale organisations as well as smaller banks. The banks using Tieto Payment Suite have found out that there is money to be made in payments. One integrated suite of products for all payment types Compliant with the latest industry developments (amongst others SEPA, UNIFI, SWIFT, MT202COV) Highly parameterisable via UI Comprehensive multi-bank and white-labeling capabilities Multi-channel support Modular, SOA based architecture Common data repository based on industry standards (UNIFI, SWIFT) Comprehensive API (web services) for integration with bank systems Designed for high volume processing High availability and robustness

4 Fit for purpose The Tieto Payment Suite is designed with a fit for purpose in mind. Its flexible and modular structure is very well suited for a gradual migration from a siloed payment processing environment towards a single consolidated platform to fulfil your payment strategy whether or not insourcing or outsourcing is on the agenda. Its flexibility and comprehensive multi features makes Tieto Payment Suite extremely suited for the insourcing of payment processing from other financial institutions. Besides a comprehensive version for transaction banks, Tieto also offers an Express version of its Payment Suite that is optimized for banks that want to outsource the clearing and settlement of their Full service offering Tieto Payment Suite is a highly competitive, modern and proven solution from Tieto s Financial Services division. It is part of Tieto s full service offering to help banks and payment processors with their payment and corporate banking related opportunities and challenges. Besides software solutions, Tieto s full service offering comprehends : Strategic consultancy Solution integration and professional services Business transformation services Application management and hosting services payments to other banks or processors. Tieto Payment Suite Express is an easy to implement and operate solution that takes care of the complete payment life-cycle from origination until settlement reconciliation. The Payment Suite Express solution is provided with plug-and-play interfaces for various payment processing service providers. All enhanced channel services of the Tieto Payment Suite are also included in the Express version, which makes it possible for outsourcing banks to provide their customers new revenue generating services and improved customer experience.

5 Fit for purpose The Tieto Payment Suite is designed with a fit for purpose in mind. Its flexible and modular structure is very well suited for a gradual migration from a siloed payment processing environment towards a single consolidated platform to fulfil your payment strategy whether or not insourcing or outsourcing is on the agenda. Its flexibility and comprehensive multi features makes Tieto Payment Suite extremely suited for the insourcing of payment processing from other financial institutions. Besides a comprehensive version for transaction banks, Tieto also offers an Express version of its Payment Suite that is optimized for banks that want to outsource the clearing and settlement of their Full service offering Tieto Payment Suite is a highly competitive, modern and proven solution from Tieto s Financial Services division. It is part of Tieto s full service offering to help banks and payment processors with their payment and corporate banking related opportunities and challenges. Besides software solutions, Tieto s full service offering comprehends : Strategic consultancy Solution integration and professional services Business transformation services Application management and hosting services payments to other banks or processors. Tieto Payment Suite Express is an easy to implement and operate solution that takes care of the complete payment life-cycle from origination until settlement reconciliation. The Payment Suite Express solution is provided with plug-and-play interfaces for various payment processing service providers. All enhanced channel services of the Tieto Payment Suite are also included in the Express version, which makes it possible for outsourcing banks to provide their customers new revenue generating services and improved customer experience.

6 Information repository Corporates Common functions Retail Customer and bank staff channels Channel services Payment engine CSM gateway CSMs Fis Bank staff Other bank domains

7 Customer channel services Comprehensive customer channel functionality, such as: Origination, authorization and validation of payment instructions Tracking & tracing of payments Customer (self-service) configurable multi-channel notification and alerting Scheduling of future dated payments and standing orders Reporting facilities Support of multiple message formats, including UNIFI and FIN Integration layer (API) for seamless integration with (existing) customer channels and other bank systems Bank staff channel services Comprehensive bank staff channel functionality, featuring: Registration of products and customer agreements, including corresponding tariff structure Configuration of payment processing business rules Tracking & tracing of payments Manual entry/repair of payments Role based access control for bank staff to functions as well as data Single task-lists with all activities to be executed by a certain bank staff role Integration layer (API) for seamless integration with (existing) bank staff channels and other bank systems Payment engine One single payment engine for processing of all payment types for multiple entities Processing flows and rules configurable by bank staff via UI Ability to apply different business rules per payment instrument, bank entity, currency, etc. Comprehensive routing & settlement rules definable per bank entity Support of multiple clearing & settlement mechanisms (CSMs), including: On-us (book transfers) and internal ACH Bi-lateral and correspondents TARGET2, CHAPS EBA, VocaLink, Equens National payment schemes Configurable exception handling actions (automated repair, reject, manual repair) Integration layer (API) for seamless integration with other bank systems CSM gateway Comprehensive SWIFTNet solution, featuring: Support of FIN, FileAct and InterAct Support of MT and MX message types Comprehensive message validation Tracking & tracing of exchanged files/messages Automated message repair Manual message creation / repair Data transformation facilities supporting multiple message standards Bulking and debulking of files exchanged with CSMs, featuring Full SEPA rulebook compliant, including validations, R-transactions and ISO20022 Out-of-the-box support of multiple CSMs, including STEP2 Generation of settlement accounting entries Reconciliation of settlement reports Common functions Common modules, also applicable as standalone applications: Automated repair (ProRepair) Reconciliation (ProMatch) Regulatory sanction verifications (ProScan) Exception and claim management (ProClaim) Information repository Common repository with static data, business rules and transactional data Payment data repository based on industry standards such as UNIFI and SWIFT Activity log containing all automated and manual activities Support for a large number of standard data feeds (e.g. BicPlusIban, Sepa, ISCD, SSI, etc.)

8 Flexibility is key The Tieto Payment Suite is characterized by a high level of flexibility and configurability. The solution is provided with a large number of parameters so that the specific commercial and operational requirements of your organization can be met in an optimal way. These parameters can be set with ease by your business staff via the user-friendly and intuitive user interface of the solution. This also makes it possible to implement changes in your payment processing environment in a short time frame and without the necessity of coding. All parameters contain a start and end date which makes it possible to have the changes in the configuration registered upfront and have the system automatically activate these changes on the specified start-date. Tieto Payment Suite supports a wide range of multi -features, such as: Bank entities and structures Payment instruments and currencies Product and product conditions CSMs and routing & settlement policies Distribution channels Languages and time zones As part of the system configuration the Tieto Payment Suite offers a broad set of configurable automated repair rules which enables banks to achieve the highest levels of STP and operational efficiency.

9 Flexibility is key The Tieto Payment Suite is characterized by a high level of flexibility and configurability. The solution is provided with a large number of parameters so that the specific commercial and operational requirements of your organization can be met in an optimal way. These parameters can be set with ease by your business staff via the user-friendly and intuitive user interface of the solution. This also makes it possible to implement changes in your payment processing environment in a short time frame and without the necessity of coding. All parameters contain a start and end date which makes it possible to have the changes in the configuration registered upfront and have the system automatically activate these changes on the specified start-date. Tieto Payment Suite supports a wide range of multi -features, such as: Bank entities and structures Payment instruments and currencies Product and product conditions CSMs and routing & settlement policies Distribution channels Languages and time zones As part of the system configuration the Tieto Payment Suite offers a broad set of configurable automated repair rules which enables banks to achieve the highest levels of STP and operational efficiency.

10 Open service oriented architecture The Tieto Payment Suite is based on an open, service-oriented architecture in which re-usable components are accessible as self-contained services according to SOA-based design principles. The large number of interfacing points (API) makes Tieto Payment Suite extremely suited for a seamless integration with other systems without the necessity of code changes in the standard product. Via the outbound interface points, the Tieto Payment Suite can request functionality (services) from other systems inside or even outside your organisation. Via the UI of the Tieto Payment Suite, bank staff is able to configure where and when these outbound interfaces within the process flow of a payment need to be activated. For the integration between the interface points (API) of the Tieto Payment Suite and the other systems, you can utilise integration (EAI) tools according to your own preference. This approach does not only allow you to have a maximum leverage of your existing integration infrastructure, but also gives you the freedom to have the integration activities executed by a party of your choice, whether this is Tieto, your own IT department or a 3rd party solution integrator. The inbound interface points of the Tieto Payment Suite enable other bank systems to access functions and data (services) that is provided by the Tieto Payment Suite. This allows you as a bank to offer your customers new and improved payment services with better user experience via your existing channels. And your customers shouldn t expect anything less. Value added services SEPA Fit for purpose Comprehensive multi -features Proven

11 Outsourcing Industry compliant Flexibility ISO20022 Scalable and robust SOA based archicture Insourcing Highly parameterised Extensive integration capabilities

12 Why Tieto? Benefit from our leading and proven payment solutions to reduce operational costs and improve your services Profit from our extensive expertise and experience in payments and integration of payment solutions in complex international bank environments Work together with a well-established and leading solution integrator in Europe Reduce risks by choosing a trusted partner with a long-standing track record within payments and a Nordic best-practice heritage Get to know Tieto s vision on payment strategies in the European market Get in touch with the leading visionary and service provider on the latest esepa developments like einvoicing Please contact Dagfinn Loen Sales Manager Payment Solutions Phone: Mobile: dagfinn.loen@tieto.com Tieto Payment Suite Making payments pay off