Introducing IBAS PWH – Payment Warehouse System. IBAS PWH offers IBAS User Banks the facility to hold, manage and route certain payment instruction types, including: future value date; payment pending cover; pre–advice, and recurring payments.
By applying specific predefined controls, payment messages are automatically monitored, checked, matched and verified, according to the instructions and rules applied, before being released back into the payments workflow. IBAS PWH provides advanced payment management, automatic execution, and enhanced operational efficiency.
Commenting, Rolf Hauge, President & CEO said: "IBAS GPF adheres to international standards, such as ISO and SWIFT, to deliver a complete, integrated payments business solution. We have an ongoing commitment towards adopting and promoting industry standards for the entire global payments industry."
IBAS PWH is yet further evidence of IBAS GPF – Global Payments Factory`s ability to almost eliminate manual payment processes; significantly increase STP rates; and become a powerful mechanism for reducing risk.
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