The trend away from cash and demand for real-time electronic payments in all parts of the world means that money has to move across multiple channels instantly, whether domestically or cross-border.
One centralized hub
Financial institutions, ACH and other payments providers are asking for a single, consolidated view of all their payments activity on one centralized hub, making it easier to manage liquidity and risk, while benefitting from operational insights and cost efficiencies. The advantages of the hub’s open, service-oriented architecture also permit rapid introduction of new, flexible payment products or the future integration of additional channels or institutions.
Supporting the entire payment process
Vedas implements and supports state-of-the-art payment hubs from one of its global partners, whose solutions support the entire payment process from invoicing to funds transfer, settlement and reconciliation on a single, proven platform. The hub architecture allows retail and wholesale payments to be managed side by side, giving a holistic view of the entire payments business and improving service levels for commercial customers and consumers.