Petra Financial integrates Power Payment Technologies Exceptions and Investigations application into its Clarion tool.
The banks, retail and corporate clients concern much about the cost of payments messages that now is growing at over 9% per annum. Petra Financial offers payments initiation solution Touchstone and its payments validation service Vortex that are already used by the banks, including HSBC, to reduce errors before being sent.
Clarion is a flexible reporting tool that enables any field in a SWIFT message to be analyzed. It will now incorporate Power Payment Technologies innovative J2EE based E&I application to simplify and deliver E&I capabilities to all banks. The new service will be branded Clarion E&I and would be available either as an online service or as Software as a Service (SaaS).
Being able to check, validate and enrich payments messages before sending is what Vortex and Touchstone enable. Exceptions management will also be available to the client to resolve through the portal.
E&I is a growing issue, and we are delighted to join together with Petra Financial to deliver a comprehensive, yet very cost effective solution to banks that will almost certainly return tangible benefits within a few months of service, says Alain Falys, director, Power Payments Technologies. Enabling clients to access the exception helps reduce costs and deliver better more transparent service.
Combining our capabilities pre and post payment message is a powerful combination that will give banks significant cost reduction, David Sinclair, CEO, Petra Financial.
Delivering a powerful and yet simple E&I case management functionality, coupled with flexible reporting and available as SaaS with very tangible ROI gives banks a powerful solution that addresses payments from pre to post delivery, says John Burton, marketing director, Petra Financial.
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