Instant Payment Screening
Real-time verification of payment data against reference data for quick decisions
-
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
High data security through local installation
Reliable
The system has 24/7 guaranteed availability thanks to the architecture structure
Scalable
Designed for a high number of transactions, the system can be scaled easily
Performant
Screening and response to the payment system in under <1/100 seconds depending on the IT infrastructure
Transparent
Transparent screening rules, configurable according to your requirements
Learning System
The system learns through manual post-processing, saves decisions, only checks changes for recurring partners and increasingly accelerates the payment flow.
Traceable
Complete audit trails and tamper-proof history
Data-Neutral
Reference data obtainable from several leading providers
Discover the functions of the Instant Payment Screening module
Our experts will show you the module free of charge and without any obligations
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
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.
All information about Instant Payment Screening for download
You can also download a description of the solution, its advantages and functions as a PDF.
Instant payment screening explained in a nutshell
The Pythagoras Instant Payment Screening solution is used to quickly check transaction partners and instruct the banking system 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 Pythagoras Transaction Monitoring provides a comprehensive overview of all transactions. Instant payment hits and ratings are processed seamlessly in the Partner Screening module, 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.