July 14, 2015
Volante Technologies launches VolPay Channel
New York, London, Dubai, Mexico City--Volante Technologies Inc., a provider of financial message and data integration, validation, and processing software, continues to challenge the current approach to payments processing dominated by legacy systems, by announcing today the launch of their latest payments processing product – VolPay Channel.
VolPay Channel is a Host to Host (H2H) on-boarding and pre-processing engine that manages data imports and exports between banks, corporates and treasury departments. Designed to remove much of the complexity, time and cost associated with the customer on-boarding process, VolPay Channel flexibly integrates, validates and pre-processes payment transactions to ensure shorter time to revenue. It offers a streamlined, guided process to systematically define the customer’s preferences, business rules and exception management process flows. The end result is the rapid deployment of payment flow configurations, with the automatic generation of the necessary code and documentation for customer sign-off. VolPay Channel also includes a test harness to ensure that the final configured operation is in line with both the customer and bank’s requirements.
Banks, corporates and treasury departments continue to face challenges when integrating disparate payment message flows and dealing with the ongoing obstacles caused by changes in formats due to regulation and new clearing mechanisms. Using the ISO 20022 data dictionary as its internal model, and through model based definitions rather than coding, VolPay Channel users benefit from an optimized approach to data integration, transformation, validation and pre-processing.
VolPay Channel is a thin client application that can be deployed in the private or public cloud as a hosted service, or as an in-house standalone application.
As with all Volante products, VolPay Channel comes with an extensive and continually maintained library of more than seventy domestic and international financial message plug-ins and associated pre-built transformations which ensure a more rapid and straight forward application of market changes when they occur. VolPay Channel’s extensive message standards plug-in library combined with its comprehensive payment pre-processing functionality and its canonical data model, means that banks can reduce the impact of the complexity of integration with the H2H channel on their internal systems. The result is competitive advantage through greater speed of change, flexibility of deployment, and increased levels of customer service.