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Building Blocks

Converting
CBPay allows to convert payment transactions of any format into current SEPA or SWIFT standard formats. This includes bank internal formats.

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Depending on the operation mode of the source system, transactions can be converted online or as batch file.
  

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Checking

Many source systems produce a high proportion of incomplete or erroneous data. Banks re-ject such transactions and charge a fee. In addition to the fees and the burden on the business relationship, there is an increased effort in the post-processing.
Many source systems produce a high proportion of incomplete or erroneous data. Banks reject such transactions and charge a fee. In addition to the fees and the burden on the business relationship, there is an increased effort in the post-processing.

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Correcting

Incorrect transactions cannot be just ignored but need correction. As an easy way this can be done via a thin client access to CBPay.

Some errors, such as expired due dates, can be corrected automatically.

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Clearing

As soon as transactions are in the right format and correct CBPay can hand it over to clearing partners.

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All the power of CBPay is demonstrated using all components and the intelligent control of payment routes with different check profiles, error handling and clearing partners. Individual scheduling, prioritization, time or cost optimization as well as emergency procedures can be configured in a transparent and flexible way.

The Lehman Challenge
Many companies use their primary bank only to process payment transactions.
At least the financial crisis of 2008 has shown that this can entail a high business risk, be-cause even solid banks can get into trouble for some reason.
A permanent disruption of payment processing can quickly drive companies into insolvency.
CBPay is bank independent and therefore an ideal system to use main bank connections while keeping contingency plans ready. In case of emergency, the system can switch over to alternative partners after manual review or fully automatically.

Migrations and mergers
CBPay can receive data from different sources and send it to different destinations. When systems are replaced or merged, CBPay is the perfect framework to ensure a smooth transi-tion.