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Madison BankConnect 2017
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BENEFITSONMADISONa Fintec Solutions company
Proprietary & Confidential
Global Transaction Processing Services (TPS) and Enterprise Information Management Company (EIM)
3000+ customers with over 50% of the Fortune 100®
Healthcare Banking Commercial Insurance Public Sector
The Top 5 Healthcare Payers
Over 8000 Healthcare Providers
9 of the Top Global U.S. Banks
Over 120 Global Banks
Over 50% of Fortune 100®
Over 500 Commercial Companies
7 of the Top 10 US Insurance Companies
Over 50 Insurance Companies
Over 30 Counties and States
Over 80 Government Entities
Security & Compliance
Adheres to all major financial, healthcare, government and consumer security and privacy standards
120 global operating centers spanning 55 countries 47
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Financial Services Overview
Banks Bank Host System
Global Payments Gateway Collecting Workflow Payer Workflow Beneficiary Workflow Journaling & Reconciliation Interfaces Administration
Value Added Services Billing Services, Accounts Payable Accounts Receivable Prepaid Cards Account Management / Mandates
Payment Services Remote and mobile paper payments Web, mobile, file & other electronic payments Lockbox & bulk deposit Paper In-Clearing, Out-Clearing Services Cash Sources & balances reporting
Customer Accounting Commercial Customer
accounting system
Networks Check21, UK FCM, ACH, SEPA, Country ACH Credit & Debit Cards SWIFT, Real Time Payments, Bitcoin and Others Future Networks
Madison
Key:
Client Bank
Proprietary & Confidential
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Proprietary & Confidential
Madison BankConnect Payment Gateway enables businesses to transact with multiple payment types
and currencies securely and in real time
Compatible – credit/debit cards, net banking, cash cards, checks, e-checks, e-wallet, bitcoin, etc.
Fast – send and receive payments in real time
Dynamic – high success rates with optimized dynamic routing to multiple gateways
Flexible – multiple currency processing
Integration – framework enables quick implementation & integration
Security – multiple layers of encryption and security checks
Monitor – analytics for fraud detection and anti-money laundering
Support – 24/7/365 multi-lingual global support desk
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Madison BankConnect Proprietary & Confidential
Madison BankConnect consists of a number of payment services that help simplify and streamline your business’s payment dynamic.
access your on-line Archive where you
can securely manage all your
transactions for a full Audit Trail
generate Reports that offer insight
to your payment channels
Accept many payment types like cards, ACH, and checks. All payments follow SEPA, SWIFT, and other global standards
Secure layers protect customers’ data from any threat Monitor for fraud and AML
Notification of transaction
confirmations print, email,
voice, SMS
Register through multiple channels including application, server, and users
Enable customers to make one-time payments, configure recurring payments, or set bill delivery settings
Transact in real time by
connecting directly to the
gateway
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Madison BankConnect Payment Services
Electronic Payments Remote Paper Payments
RDC Mobile Cash Web Mobile File FTP/SFTP Other
Gateways
Electronic
Credit Transfer Direct Debit Cards Other
Paper
In & Out Clearing Remote Interface Lockbox
Validation
Reconciliation
Exceptions Handling
Formatting outbound / inbound
Transmission Error Handling
INTERFACE
Cash sources & balances reporting
Accounting Data
INTERFACE
Research
Dashboard & Reporting
Global Payments Gateway / Bank Customer Accounting
Proprietary & Confidential
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Madison BankConnect Global Payments Gateway
CHECK21
SEPA
Country ACH
Cards Networks
UK FCM
Real Time Payments
SWIFT
Bitcoin
Others
Networks
Proprietary & Confidential
Payment Services
Banks
Bank Host System
Admin. Processes Forensic/Audit Investigation
Query Search
Fraud Updates
MIS – Dashboard
Clearing Cycles
Etc.
Validation
Reconciliation
Duplicate Checks
Fraud Detection AML
Data Enhancement
Error Handling
Collecting Workflow
Validation
Reconciliation
Error Handling
Beneficiary Workflow
Validation
Reconciliation
Fraud Detection AML
Receive Pay/ No Pay
Investigations
Error Handling
Payer Workflow
Interfaces
Interfaces
Journaling& Reconciliation
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Value Added Services
Process to purchase asset
Transfer of Asset
Equities
Real Estate
Commodities
Asset Purchase
Customer interaction
Open, Close, Update Accounts
Electronic Presentment (Web, Mobile)
Print & Mail
Paper & electronic invoice input
Invoice Approval
Receivable matching
Collections
Account Mgmt Prepaid Cards
Accounts Payable Accounts Receivable Billing Services
Payment Services
Customer Accounting
Proprietary & Confidential
PSP update
Customer Service (call, web mobile)
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Payment Modules
ApplicationRegistration
Server registration User registration Activate Deactivate
PCI compliance SSL Tokenization Encryption IP security Application Security Handles Security and
PCI and NACHACompliance
Transaction Logs Authentication
Attempts Notifications Configuration
modifications
Email SMS EOD reports Transaction status Subscription changes
Paymentsubscriptions
Recurring payments Authentication Micro Payments Payment Initiation Payment Response
Daily ProcessingSummary
Billing Summary Transaction summary
fora period
Search Transactions
Payment Gatewayintegrations
Transaction charges Authentication Subscription Details
Gateway Subscriptions Registration Security Audit Trail
Notifications Payment Services Reports
Proprietary & Confidential
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Payment Options & Process Flow Architecture
Web Reports Monitoring, Tracking
ACH
Lockbox
Bitcoin
Wallet
ARC • Draft• Wire • GIRA • DirectDeposit
Check21 • FTP • Scan• Email• PaperChecksProducts/Consumers
Payment Options
Web Registration
Web Portals
PCH Global™
BankPay
BankMate
Work Flows
Peri™
eCommerce
Plexus
Others
Authentication
Transaction Log
Payment Request
Response
Madison WCFPayment Service
MadisonPayment DB Payment Gateways
• EFT Networks• ATM Networks• ACH Network• Google Wallet• Amazon Payments• PayPal• SWIFT • ORCC• Future
Customer-defined Gateways
Check21 UK FCM
Truncation
Banks
Cards Merchant Bank
3rd Party ePayment Channels
ODFI Bank
RDFI Bank
• Visa• Master• AMEX • Reg. card
merchant
RDFI Bank
ODFI Bank
Payment Clearance Pick Payment Option
Register Encrypted Key
Register details Store Encrypted Key
Request Transaction Token
Payment Request with Transaction Token
Response
Notifications
Payment Response
Payment Request
Reports
Customers
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Transaction Log 8
9
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Cards
UK FCM
SEPA
eCheck
SAP
Oracle
ERP Platforms
ATM
BACS
CTS
Future
Proprietary & Confidential
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
Proprietary & Confidential
Security Madison BankConnect offers many layers of security to ensure that
payments are made quickly, reliably, and securely
Server level authentication.SSL Certificate
Tokenization
Data Encryption
Encryption Key
Registration
Provides a token for each transaction. Set the time limit for each token. Avoids duplicate transactions. Avoids the unauthenticated transactions.
Provides encrypted key To validate the service consumer. Avoids the unauthenticated requests to the service.
Register with generic payment gateway Provides credentials (username/password) Server IP Server name Application details Payment option
Data encryption - AES or 3-DES PCI-DSS
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company
SEPA
Internal counterparts
Common Payment Services
Payment Message Processing
SEPA Credit Transfer
SEPA Direct Debit
Card/V Pay Local ACH
EPC (Payment Options)
PAIN.001 xml
PAIN.002 xml
PAIN.008 xml
PAIN.011 xml
PAIN.002 XSD
PAIN.001 XSD
……..
ISO 20022 (XML Format)
Rules/Validation
BancHUB
Clearing & Settlement Mechanism
SWIFT
Data Repository
Creditor Agent (More than one agent)
Clearance House Debitor Agent (More than one agent)
Creditor Bank Debitor Bank
Debitor Bank (Forwarding agent)
Inter-Bank
Corporate Online Retail Online Cards Mobile Payments Acquire Payments 1
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4 5
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Proprietary & Confidential
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SOLUTIONS
BENEFITSONMADISONa Fintec Solutions company