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Transaction Banks: Payment Factory

 

 

Derived from the Allevo Transaction Broker solution for banks, Allevo offers a payment factory implementation for transaction banks. It enables larger players offer a bank-centralized service for smaller financial institutions or corporates who need payment and collections processing, compliance with regional or global regulation, along with additional services like intra-day limits.

 

A similar type of architecture can be used to set-up a bank administrated 'Member Concentrator', or a (SWIFT) Service Bureau or a Payment Service Provider.
This solution is tailored around SaaS and cloud ready FinTP, an application distributed under the free open source GPL v3 license.
 
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