This document discusses IBM's smarter payments solution, which provides an integrated system for near real-time payment and transaction processing. It helps financial institutions address challenges around increasing transaction volumes, new regulations, and customer demands. The smarter payments solution offers a single platform to process multiple payment types and provides tools to improve customer service, reduce costs, and comply with regulations. IBM has decades of experience in payment processing and continues to invest in solutions to provide efficient, secure, and reliable real-time transaction processing.

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Solution Brief
IBM Software
IBM Smarter Payments
An integrated processing system for near
real-time payment and transaction processing
Challenges
In 2012, banks handled more than USD377 trillion non-cash
transactions. A recent Forbes survey found that billions of mobile
device users expect mobile banking service through a telecom provider.
Financial institutions must also provide more services to corporate
customers. And do all this while coping with changing government
regulations as well as new, real-time payment processing mandates.
They must continue to offer new services and constantly look for
ways to lower the day-to-day cost of existing transaction systems.
Smarter payments is built on IBM®
Financial Transaction Manager,
a banking transaction platform that can integrate, manage and
monitor a wide variety of financial transactions including:
• Corporate payments
• SEPA
• SWIFT Business services
• NACHA
• UK Faster payments
• US and Canadian checks
Smarter payments offer a comprehensive set of business
solutions including:
• B2B Integrator
• Sterling File Gateway
• IBM WebSphere®
Transformation Extender (WTX)
• Connect: Direct
• Sterling Control Center
• Banking Transformation Toolkit (BTT)
Smarter payments provide integrated, end-to-end payments
processing. It is a transaction and payments processing hub that can be
implemented in a staged manner, using a process called ‘progressive
convergence.’
Highlights
• Improve customer self-service by
providing visibility across payment
and transaction types
• Support convergence across multiple
processing ‘silos’
• Provide scalable and production-proven
support for real-time processing
• Comply more quickly with regulatory
demands
• Manage transactional risk and reduce
operational costs

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Platform for now and the future
Smarter payments allow financial institutions to process
multiple payment types using a single, robust platform.
This helps facilitate an iterative transformation of the
existing payments system into an integrated transaction
processing engine for near real-time payment processing.
Align business processes and information technology
Smarter payments combine prebuilt functions, a
‘build-your-own’ approach, and renovated legacy systems
that remain relevant. It allows you to build a platform
that can evolve, while providing maximum resiliency.
Smarter payments provide:
• Customized workflow by virtually any dimension of
payment, customer and context
• Sophisticated monitoring and alerting capabilities
• Insight-driven processing
• Reliable performance at large volumes and throughput
• Safe transactions using appropriate security, access
control and audit trails
• Greater transaction visibility
Smarter payments help business and internal customers
proactively manage payment flows and cash-management
operations.
Conclusion
IBM smarter payments support convergence across multiple
payment processing ‘silos.’ It is highly scalable and offers
production-proven support for real-time transaction
processing. It can help you comply more quickly with rapidly
changing regulatory demands. It also helps you manage
transactional and operational risk and reduce operating costs.
Why IBM?
IBM transaction banking solutions provide an iterative
approach to deployment — using IBM market-leading
middleware. IBM can deliver transaction services that
benefit from decades of customer experience and refinement.
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Please Recycle
IBM has 40 years of payment processing expertise and
continues to invest in a centralized payments hub to provide
efficient, secure, reliable real-time payments processing.
We have extensive industry experience implementing
solutions for financial services businesses. IBM smarter
payment solutions, along with a wide variety of solutions
from IBM Business Partners, can help improve customer
insight, lower costs, provide better regulatory compliance
management and increase market agility.
For more information
To learn more about IBM smarter payments, please contact
your IBM representative or IBM Business Partner, or visit:
ibm.com/software/products/en/financial-transaction-manager