Payments
The following are the key features of 202204. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| E-Cheque Settlement Entries and Inward Return File Processing | This functionality allows banks to process the outgoing e-cheques from HKICL. |
| German Bundesbank RPSSCL Clearing | This functionality allows banks to manage any new rulebook regulatory changes published by the clearing in the Temenos Payments Hub (TPH). |
| Receiving and Mapping Inbound CBPR+ pain.001 through SWIFT Channel | Temenos Payment is now enhanced to:
- Receive pain.001.001.09 message from the Initiating Party or the Forwarding Agent through the Delivery module, perform XSD validation, and map the message to payment instruction in the system. - Process the payment received through pain.001 as a book transfer or outgoing customer transfer routed through the determined channel (such as TARGET2 MX, CBPR+ or SWIFT and so on) |
| Connecting Payer Bank’s End-user Application Provider (EAP) to External Repository | Temenos Request to Pay (RtP) framework now allows the payer bank’s EAP to connect with an external repository to fetch RtP requests, send payer’s RtP response and update the RSP with payer’s responses. |
| Enhancing Customer Grouping for Client Agreements and Charges | Temenos Payments is now enhanced to support customer grouping using all customer attributes. |
| Processing Outgoing SWIFT ISO MX/RTGS Messages with Supported Characters Defined by SWIFT and Clearing | Temenos Payments has been enhanced to support character conversion functionality for SWIFT ISO CBPR+ messages and for other RTGS ISO clearing messages that is sent through Delivery module. |
| TPH supports Financial Institutions DD (pacs.010) for TARGET2 | Banks can now send a direct debit pacs.010 message to another bank directly or through a correspondent agent to the debtor agent. |
| Processing Incoming Cancellation Request Message Received from SWIFT CBPR+ | Temenos Payment is now enhanced to:
- Receive and process incoming CBPR+ cancellation requests (camt.056) from SWIFT - Send outgoing CBPR+ Resolution of Investigation (camt.029) message as a response for the cancellation request to SWIFT - Send Reject (pacs.002) or Return (pacs.004) as a response for the cancellation request in addition to the Resolution of Investigation (camt.029) message |
| Supporting Analysis of ISO Messages Repaired by Generic TPR | Payments Repair Learn now supports generic TPR version and analyses the STP and non-STP ISO messages. |
The following are the key features of 202203. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| FX Utilisation for Cross-currency Payments | Temenos Payments now performs the following:
- Validates the FX contract ID to check whether sufficient balance to cover the payment amount is available and updates FX contract utilization. - Returns the exchange rate to be imposed as the customer exchange rate. |
| Nostro Quotas in Payments | The Nostro Quotas provides the ability to choose a Nostro Correspondent based on the pre-defined criteria when there are more than one Nostro correspondent present per currency. |
| NPP (National Payments Platform) Clearing | This functionality allows banks to process NPP instant payment transfers between indirect participants and Cuscal. |
| HKICL Cheque Clearing | This functionality provides the ability to receive, map and process an inward individual or corporate cheque and return a received inward individual or corporate cheque, map inward auto cheques, receive, map and process a cashier’s order and return a received inward cashier’s order and initiate account postings and settlement entries. |
The following are the key features of 202202. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Separate Booking Transaction Code for Charges and Taxes | Temenos Payments is now enhanced to provide:
- A detailed description of each charge in a payment and its associated tax is provided in the customer’s account statement. - Reporting lines within the bank based on the configured transaction codes. |
| Handling camt.050 and camt.025 for Target Instant Payment Settlement (TIPS) Clearing | Temenos Payments is enhanced to capture and generate outgoing LTR for TIPS clearing and process incoming response message for the same. |
The following are the key features of 202201. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| RTGS Clearing | This functionality allows banks to manage incoming and outgoing Real Time Gross Settlement (RTGS) transfers and related messages. |
| NEFT Clearing | This functionality allows banks to process incoming and outgoing National Electronic Funds Transfer (NEFT) credit transfers, returns and the related messages. |
| Auto-populate AA Charges during Payment Initiation | When the user initiates a transaction through the PAYEMNT.ORDER (PO) application or ORDER.ENTRY (OE) screen, Temenos Payments Hub can retrieve and map each AA activity and/or activity restriction charges for an AA account, and display the same on the initiation page. |
| Processing Incoming Swift CBPR+ Bank Transfer Pre-advice (pacs.009 ADV) | Temenos Payments is now enhanced with the following features: - Receive and process an incoming CBPR+ pacs.009 ADV message from SWIFT. - Process business acknowledgements and payment returns for bank transfer settled through pre-advice (cover). |
| PayUK Request to Pay | The Request to Pay (RtP) framework in Temenos Payments now supports PayUK RtP scheme. The payee and payer can now initiate or receive RtP messages using their registered Primary Identifier (PID), and exchange RtP messages and responses in the PayUK RtP environment. |
The following are the key features of 202112. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Uploading and Maintaining TIPS Directory and Processing Reconciliation Reports Received from RT1 | Temenos Payments Hub (TPH) is now enhanced with the following features: - TPH on receipt of the Routing Table File (RTF) containing the TARGET2 Instant Payment Settlement System (TIPS) participant and reachability parties from EBA RT1, automatically processes and loads the content of the file into the system. - TPH receives, maps, and displays Daily Reconciliation Report (DRR) with DRR File/Bulk/Transaction Sent to TIPS (DTFS) and DRR Bulks Received Header received from TIPS (DTRF) record types. - TPH also receives and maps Results of Settlement File (RSF) message containing the settlement with EBA RT1, TIPS DCA, and TIPS Technical account. These data received and mapped are displayed in a report format through an enquiry. |
| Capturing Additional Information during Debit Collection Initiation and Perform Reachability Check | This feature enables the user to input additional information (required to be sent in the outward message) during debit collection initiation, and perform reachability check on the clearing channel. |
| Processing Liquidity Transfer Requests to EBA Instant Payment Clearing | Temenos Payments Hub (TPH) is now enhanced to send Liquidity Transfer Requests (LTR) to EBA RT1 Instructing Party service and process the response from RT1 and/or RT1 Instructing Party. |
| Return Processing | This functionality allows banks to process outward returns to Clearing House Automated Payment System (CHAPS) and inward returns from CHAPS in International Organisation for Standardisation (ISO) 20022 message format. |
The following are the key features of 202111. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| SWIFT gpi | Tracking of ISO payment messages (pacs.008/Pacs.008STP/pacs.009Cov) using SWIFT XML ISO-based (trck.001/trck.002/trck.003). Existing MT confirmation messages continue to be support till the end of the co-existence period. |
| Balance Check and Reservation for Fixing Rate | If configured, Temenos Payments can now reserve funds based on availability before parking the payment in the Awaiting Rate Fix status, if the Day’s FX rate is not available. |
Release Highlights are not available in Payments for 202110. For the list of Reference Business Process, click here.
The following are the key features of 202109. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Mismo Titular for Outgoing Transfers | This functionality allows banks to send and receive immediate transfers to or from COELSA (Clearing House in Argentina). |
| Processing Request to Status Update (pacs.028) Message Received from or Sent to IP | Temenos Payments Hub (TPH) is now enhanced to receive Request to Status Update (pacs.028) from Clearing and forward to Indirect Participants and vice-versa when the customer is not available in the books of processing bank. |
| Return of Customer and Bank Transfer Including Cover (pacs.004) | Temenos Payments is now enhanced to support the incremental changes in message format, usage guidelines, and schema, published as part of Q1 2021 specifications for Return of Customer and Bank Transfer including cover (pacs.004) CBPR+ messages. |
The following are the key features of 202108. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Clearing | This functionality allows banks to capture and validate the cheque collection request for the cheques that are being presented for the first time (code 30) and also for the cheques that are being represented (code 31, 32, 33). |
| Partial Funds Reservation | Temenos Payments can be configured to support partial funds reservation. The reserved partial funds are retained even if the corresponding cheque transaction is rejected and the partial funds are re-used for processing a new re-presented cheque transaction. |
| Displaying Base Currency of Exchange Rate | Temenos Payments is now enhanced to display the base currency of the exchange rate of cross-currency payments whenever the payment order is validated. |
| Processing camt.087 Message Received from or Sent to IP | Temenos Payments is now enhanced to send and receive Request to Modify Value Date (camt.087) message for the payments received from or sent to IP. |
The following are the key features of 202107. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Fees and Charges for Interest Compensation | Temenos Payments has been enhanced to include the fee and/or charges for interest compensation details while sending and receiving the response to an enquiry message. |
| Liquidity Transfer Request | Temenos Payments can now process and send Liquidity Transfer Request (LTR) to RTGS or Clearing. An LTR can be captured either from the LTR PAYMENT.ORDER (PO) GUI or the LTR ORDER.ENTRY (OE) GUI.
|
| Supporting Liquidity Transfer Requests in TARGET2 | Temenos Payments can now process and send LTRs to TARGET2. An LTR can be captured either from the PAYMENT.ORDER (PO) application or from the Order Entry screen. After successfully capturing and processing the LTR payment, Temenos Payments can generate the LTR payment message and send it to the TARGET2. Temenos Payments is enhanced to consume and process the confirmation message sent by the Clearing against the original LTR payment message to indicate whether the LTR is accepted or rejected. |
| Sending and Receiving Return Messages to SWIFT in ISO Format | Temenos Payments is enhanced to support SWIFT CBPR+ return processing for both serial and cover payments using pacs.004 message format. |
The following are the key features of 202106. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Cover Processing | This functionality allows banks to receive and process incoming pacs.009COV from CHAPS where the TPH bank is the creditor, to receive and process MT202COV/pacs.009COV from SWIFT which will be redirected as pacs.009COV via Clearing House Automated Payment System (CHAPS), to initiate outgoing SWIFT cover payments (MT/MX) where the cover will be sent as pacs.009COV via CHAPS, and to receive pacs.009COV from CHAPS and redirect as a MT202COV via SWIFT. |
| Disclosure of Maximum Amount in TIPS Directory | Temenos Payments is enhanced to perform reachability check and process the payments based on the threshold defined for each participant and reachable party. |
| Liquidity Transfer Request | Temenos Payments can now process and send Liquidity Transfer Request (LTR) to RTGS or Clearing. An LTR can be captured either from the LTR PAYMENT.ORDER (PO) GUI or the LTR ORDER.ENTRY (OE) GUI. |
The following are the key features of 202105. For a complete list of the new features, refer What's New PDF. For the list of Reference Business Process, click here.
| Feature | Description |
|---|---|
| Bank Transfer | This functionality allows banks, using the Temenos Payments Hub, to handle the inward and outward interbank payments from CHAPS in ISO20022 (pacs.009) format. |
| Customer Transfer | This functionality allows banks to process the inward and outward customer transfers messaging using the ISO20022 (pacs.008) message format. |
| Liquidity Transfer Advice | Temenos Payments is enhanced to receive and process Liquidity Transfer Advice (LTA) from Account Holding Institutions (AHI), such as Clearing or RTGS, to notify a balance or position update to the account held with them. |
| Cancelling Payment Orders in AwaitFunds State | The PAYMENT.ORDER (PO) application is enhanced to allow users to cancel payment orders that are in ‘AwaitFunds’ status. |
| Warehousing future dated bulk payments and Cancelling Warehoused Bulk Payments in FTBM | Future dated bulk payments created in FUND.TRANSFER.BULK.PAYMENTS (FTBM) through manual input or bulk file upload can either be warehoused in FTBM or PAYMENT.ORDER (PO) application or Temenos Payments based on the configuration.
Future dated bulk payments warehoused in FTBM can be cancelled before the execution date.
|
| Ability to Configure Interface Option for Indirect Participant | Temenos Payments now enables the banks to configure the message interface at clearing level, at clearing correspondent level, or loro/nostro account level, and configure the message interface at loro/nostro level for Cross Border Payments and Reporting Plus (CBPR+) payments. The exit API provision by Temenos Payments enables banks to add technical headers on top of the transformed data (payload) before sending the file to the network or clearing interface. |
