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Instant Payment Screening

Real-time verification of payment data against reference data for quick decisions

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  • Sophisticated process for high-performance and fail-safe payment evaluation

  • Response via web service

  • Numerous configuration options and intelligent algorithms

  • High-precision real-time decisions to minimize the false-positive rate

Advantages of Instant Payment Screening

Secure
Secure

High data security through local installation

Reliable
Reliable

The system has 24/7 guaranteed availability thanks to the architecture structure

Scalable
Scalable

Designed for a high number of transactions, the system can be scaled easily

Performant
Performant

Screening and response to the payment system in under <1/100 seconds depending on the IT infrastructure

Transparent
Transparent

Transparent screening rules, configurable according to your requirements

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Learning System

The system learns through manual post-processing, saves decisions, only checks changes for recurring partners and increasingly accelerates the payment flow.

Traceable
Traceable

Complete audit trails and tamper-proof history

Datenneutral
Data-Neutral

Reference data obtainable from several leading providers

Discover the functions of the Instant Payment Screening product

Our experts will show you the module free of charge and without any obligations

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FAST RESPONSE

Average processing time based on real life system: 130 ms

SCREENING

SEPA – real-time payments against reference data

MATCHING

In less than <1/100 seconds, depending on the IT infrastructure

INSTANT

Mobile and online payments

TRANSACTION VOLUME

HIGH TRANSACTION VOLUME

PRE-SCREENING

For approval before bank releases payment

AVAILABILITY

High performance file system stores configurations, indexes and ratings

Scalable

With load balancer and multiple IPSS instances

FLEXIBLE

Many options to configure screening rules and data selections (e.g. Sanctions only)

IMPORT FORMAT

Developed for standard payment format ISO 20022,  pacs.008 - other formats possible

PROVEN TECHNOLOGY

Use of Microsoft IIS and Windows Services, MS SQL databases, XML file exchange

EXPERIENCE

Works for major European banks since 2019 - 15 million transactions screened per year.

Instant payment screening explained in a nutshell

The MCO Pythagoras Instant Payment Screening solution is used to quickly check transaction partners and instruct the banking system on whether a transaction should be executed.

The user-friendly module enables compliance staff to process the company's business relationships in a highly available area. This can be operated independently of the application to ensure a more cost-effective infrastructure.

Integration with MCO Pythagoras Transaction Monitoring provides a comprehensive overview of all transactions. Instant payment hits and ratings are processed seamlessly in Partner Screening , where compliance managers review and edit transactions and hits and assign ratings, which the system takes into account for future transactions. In this way, the system continuously learns from the manual post-processing of false positive or false negative hits and increasingly accelerates the payment flow.

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