Volante Technologies, a US-based financial data integration tools provider, has rolled out a new development platform to ease the challenges of payment integration and payment processing projects.
Dubbed as VolPay Foundation, the new platform is designed specifically to handle integration issues facing the digital payments age.
The solution features graphical model-based automated code generation, validation and conversion logic, mapping tools, proprietary format definition, payments plug-ins, an ISO 20022-based payments canonical model and the ability to design a payment integration code.
The platform aims to accelerate payment integration projects, speed-up client on-boarding and deliver a quicker time to new revenue streams for end-users. It will also support a smoother payments implementation, on time and on budget.
In addition, it will speed up and condense each step of the development and deployment process for payment message definition, validation, orchestration and transformation.
VolPay Foundation includes pre-built and maintained payment message standards and pre-built conversions to over 50 clearing standards to support a growing number of clearing and settlement mechanisms (CSM).
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By GlobalDataVolante Technologies CEO Vijay Oddiraju said: "Banks and corporates need to keep up with new payment sources, participants and systems, yet must adhere to increased compliance requirements while meeting customers’ demands for greater transparency within their payment processing systems. Balanced against a desire to be quicker to market, firms are increasingly looking to Volante to help ease these pressures.
"Using VolPay Foundation, our clients are able to automate and enhance the integration, production and maintenance capabilities of their architecture and implementation projects."
