PAYMENTS
The following are the key features of 202104. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Cancellation of Payments after Distributing to Clearing | Temenos Payments is enhanced to send cancellation request for the settled transaction for both Credit Transfer, Direct Debit and Cheque collection which includes return of original transactions. |
| Currency Cut-off Check and PSD2 Compliancy Check in POA | Temenos Payment Order is now enhanced with the ability to perform:
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| Changes in Temenos Payments to communicate with external Temenos Transact | Temenos Payments Standalone feature has the ability to configure whether charging rule definitions are maintained in either Temenos Payments or external Transact or both systems. Temenos Transact can also configure whether accounting restrictions can be maintained in Temenos Payments or in external Transact. |
| Inward Instant Direct Debit Processing | Temenos Payments is enhanced to support the inward instant Direct Debit (DD) processing. |
| Supporting Cross Border Payments using SWIFT CBPR+ Format Messages | Temenos Payments is now enhanced to support processing of SWIFT International Payments using the Cross-Border Payments and Reporting Plus (CBPR+) MX messages in ISO20022 format (in addition to existing MT format messages). |
| Supporting MX Message Format in TARGET2 RTGS System | TARGET2 ISO20022 solution is enhanced to process outward and inward TARGET2 customer and bank transfer, return payment and recall in ISO20022 format. |
| Request to Pay (RTP) in Saudi Arabia Instant Payment System | Temenos Payments supports Saudi Arabia Instant Payment System (SAIPS) – Request to Pay (RTP) and its features. |
| Interac Instant Payment Clearing | This functionality allows banks, using the Interac instant payments in ISO8583 format, to accept, process and respond to the ISO20022 messages sent from Interac via the Canada Clearing Email Money Transfer (C1 EMT). |
The following are the key features of 202103. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Outward File Generation | This functionality allows banks to manage direct debits for BECS clearing. |
| Request to Pay (RTP) Framework | Request to Pay (RTP) is an independent messaging mechanism in Temenos payments allowing the requester to request and collect payment in real time for the delivery of product/service from the payer. |
| Forwarding Direct Debit Requests to Indirect Participants | Temenos Payments is enhanced to receive the SEPA Direct Debit Requests (pacs.003) from clearing and forward it to Indirect Participants (IP) when the customer is not available in books of BIL/SAMLINK. |
| Support of Multicurrency Accounts | Temenos Payments is now enhanced to accept multi-currency accounts for both incoming and outgoing payments. |
The following are the key features of 202102. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Amendments to E-mandates | Temenos Transact can be configured to amend mandate details at clearing level (for incoming Direct Debit- DD) and source level (for book DD collection), when DD is booked or completed for normal mandates. |
| Display and Reserve Charges | Temenos Payments is enhanced to calculate the account activity-related charges for the user and also reserve it along with the same charges. |
| Processing Payments with Negative Customer Spread | Temenos Payments is enhanced to accept negative values as customer spread, which is applied on the treasury rate for calculating the customer exchange rate and booking calculated market exchange loss. |
| Supporting EUROSIC in TPH | Temenos Payments Hub (TPH) is enhanced to perform the EUROSIC clearing. It is a Real-Time Gross Settlement (RTGS) payment system that settles euro payments through the accounts of Swiss Euro Clearing Bank (SECB) between participants. |
The following are the key features of 202101. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Emitting Customer Credit Transfer Initiation Message | Payment Order (PO) application is enhanced to generate Customer Credit Transfer (CT) Initiation message (pain.001.001.05) from PO application to back-office processing systems (Temenos Payments Hub) or other external payment systems. |
| Transparency Check in Standalone Mode | Payment Order (PO) application is enhanced to perform transparency check in standalone mode when the associated payment system is Temenos Payments Hub (TPH). |
| Nordic Instant Credit Transfer | Nordic Credit Transfer (NCT) now supports new ISO 20022 messages in NCT payment processing. |
The following are the key features of 202012. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Supports Name Validation | Temenos Payments is enhanced to perform name validation on incoming transactions by matching the beneficiary’s name of the given account number with the existing details in the system. |
| Nordic Credit Transfer Payments | Nordic Credit Transfer (NCT) is a new clearing added to the existing clearing framework. |
| SIC Rulebook Change | Temenos Payments Hub (TPH) is enhanced to support the processing of camt.025 messages as part of Swiss Interbank Clearing (SIC) and reception of camt.025 with ACCP and RJCT status. |
| Saudi Arabia Instant Payments System (SAIPS) | Temenos Payments Hub (TPH) now supports new features for Saudi Arabia Instant Payments System (SAIPS). |
The following are the key features of 202011. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Processing Resubmitted Outward and Inward DD Collections | Temenos Payment Hub (TPH) is enhanced to support the processing of resubmitted outward and inward Direct Debit (DD) collections for Système de Télécompensation en Afrique Centrale (SYSTAC) clearing. |
| Equens SEPA Direct Debit (DD) | The clearing framework of Temenos Payment Hub (TPH) supports multiple payment clearings across different countries. |
| Processing Cheques for Tunisia Clearing | Temenos Payments Hub (TPH) is enhanced to support processing of cheques transactions for SIBTEL. |
The following are the key features of 202010. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Migration from SWIFT MT to ISO20022 MX Message Standard | Temenos Payments Hub (TPH) is enhanced to support the processing of certain TARGET2 messages in ISO20022 format. |
| Equens SEPA Direct Debit | Temenos Payments Hub (TPH) is enhanced to support the processing of Single Euro Payments Area (SEPA) Direct Debit (DD) CORE scheme for Equens clearing. |
| Equens SEPA Credit Transfer | Temenos Payments Hub (TPH) is enhanced to support the processing of Single Euro Payments Area (SEPA) Credit Transfer (CT) scheme for Equens clearing. |
| Credit Transfer Clearing for Tunisia | Temenos Payments Hub (TPH) supports SIBTEL (Tunisia Clearing) to process incoming and outgoing Credit Transfers (CT), return of CT denominated in Tunisian Dinar (TND), and incoming clearing reports between domestic credit institutions. |
| Direct Debit Clearing for Tunisia | Temenos Payments Hub (TPH) is enhanced to support secured and automated SIBTEL (Tunisia Clearing) for Direct Debit (DD) processing. |
The following are the key features of 202009. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| CEFTS Instant CT Payments | A new feature is introduced in Temenos Payments to support Common Electronic Fund Transfer Switch (CEFTS) for instant Credit Transfer (CT) payments. |
| Mediante Avviso (MAV) Clearing for Italy | A new feature is introduced in Temenos Payments to support Mediante Avviso (MAV) clearing for Italy. |
| Supports Standing Settlement Instruction (SSI) | Temenos Payments is enhanced to upload the SSI file (automatically) published by SWIFT to store the currency correspondent data. |
| Instant Direct Debits (DD) | Temenos Payments is enhanced to support instant DD payments. |
| CEFTS Instant DD Payments | A new feature is introduced in Temenos Payments to support Common Electronic Fund Transfer Switch (CEFTS) for instant Direct Debits (DD) payments. |
The following are the key features of 202008. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Sri Lanka CITS Clearing | This feature is introduced in Temenos Payments to support the processing of LankaClear Cheque Imaging and Truncation System (CITS) clearing. |
| Wire Transfer Regulation 2 (WTR2) Regulation | Temenos Payments is enhanced to support Wire Transfer Regulation 2 (WTR2) regulation and the latest Financial Action Task Force (FATF) recommendation 16. |
| Sri Lanka Interbank Payment System (SLIPS) | The SLIPS feature is introduced in Temenos Payments to support Sri Lanka domestic electronic payment system, which allows batch processing of payments. |
| Saudi Arabian Riyal Interbank Express (SARIE) Payments | This feature is introduced in Temenos Payments to support SARIE, which is the Real Time Gross Settlement (RTGS) payment system of Kingdom of Saudi Arabia. |
The following are the key features of 202007. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| Supports Account Switching | This functionality is introduced to automatically redirect the payment to the new account while processing inward payment or book payment. |
| Status Update from External System | A new functionality is introduced to update Temenos Payments when the external system completes the file generation. |
| Retry Rules for Funds Reservation | The Funds Reservation feature is now enhanced with an option that allows project implementation to hook Application Program Interfaces (APIs), which can evaluate customer criteria to invoke the custom automatic retry rules. |
The following are the key features of 202006. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| SYSTAC Clearing for Cheque Payments | A new feature is introduced in Temenos Payment Hub (TPH) to handle Initiating of Outward Cheque Collection and Receiving of Inward Cheque Clearing Transaction. |
| Temenos Payments Hub Supports VIBER Clearing | A new feature is introduced in Temenos Payments Hub (TPH) to support the processing of outward and inward credit transfers and returns for VIBER clearing. |
| Reachability Check Using IG2 or VIBER Clearing Directory | This enhancement now supports reachability check for IG2 and VIBER payment, which helps the bank to validate the reachability of counterparty bank through a specific clearing. |
| Reachability Check Using RPSSCL Clearing Directory | This enhancement now supports clearing directory upload and reachability check for RPSSCL clearing. It helps in validating the reachability of a counterparty bank through a specific clearing. |
The following are the key features of 202005. For a complete list of the new features, refer What's New PDF.
| Feature | Description |
|---|---|
| SYSTAC Clearing for Direct Debits | A new feature is introduced in Temenos Payments to support the processing of Direct Debit (DD) by using certain the SYSTAC clearing functions. |
| SYSTAC Clearing for Credit Transfers | A new feature is introduced in Temenos Payments to support the processing of credit transfers by using certain SYSTAC clearing functions |
| Retail Payment System German Cheque Clearing | A new feature is introduced in Temenos Payments to support the processing of outward cheque collection request and inward cheque clearing request for Retail Payment System (RPS) German cheque clearing. |
| Payment Capture Based on Instructed Amount | PO application allows the user to initiate a payment with the payment amount and currency. This functionality is now enhanced to allow the payment capture with the instructed amount and currency. |
| Hong Kong Faster Payment System | A new feature is introduced in Temenos Payments to support instant credit transfers through Hong Kong Faster payments. |
| Supporting Hungary Inter GIRO2 (IG2) Clearing | Temenos Payments now supports the processing of Credit Transfer (CT) through IG2 by using the certain clearing functions. |
