Payments and Straight-Through-Processing

Straight-Through-Processing

Fully integrated payment / settlement capture and processing from beginning of transaction and capable of automated delivery via multiple payment channel interfaces.

Whether it is your client or your front office entering in the details of the payment and settlement, FxOffice has a highly customizable workflow to meet your needs. The workflow will ensure that the data captured is correct resulting in a smooth straight-through-processing of payments. FxOffice has built in Routing directories that are accessible both on the Web Portal and within FxOffice including: SWIFT, ABA, ACH, BACS, EFT, etc. simplifying routing selection to point-and-click. In addition, you can leverage the workflow engine to configure as many approvals as required based on the payment details before it is released to be processed.

Built-in Connectivity to Payment Channels

FxOffice includes a vast library of bank and payment channel formats leading to third party payment integration which is simple and ready to go. The library includes the common standards like ISO20022 and SWIFT, NACHA, FED, BACS, BPAY and also includes a wide array of built in proprietary formats. We are consistently adding to the library as required, which is straightforward and effortless.

Straight-Through-Processing Key Benefits

  • Verified templates ensure payments are quickly sent without unnecessary intervention.
  • Large library of payment formats leads to quick third party integration.
  • Integrated routing code directories.

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Datasoft FxOffice is a foreign exchange and global payments software platform that offers financial institutions a completely integrated forex, treasury, compliance and payments platform.