RTP can be so simple

The new European standard for electronic payment requests naturally also places new demands on banking IT. With TRAVIC-Payment Hub (TPH), however, the introduction of products related to RTP is no problem. After all, the platform stands for the highest degree of automation in European payments and at the same time offers extensive customisation options. The hybrid structure conserves the technical resources of financial service providers and makes operation within the framework of cloud services possible.

RTP – the right equipment is crucial

After instant payments, cross-border and high-value payments and SEPA mass payments, the fourth scheme has recently been implemented: the standard Request to Pay (RTP) of the European Payments Council (EPC). It defines parameters for sending an electronic payment request. The task of bank IT lies in making the service available 24/7/365 and enabling the support of time-critical end-to-end messaging. But is this feasible without far-reaching system changes?

Platform with extensive configuration options

The clear answer is: yes! The introduction of RTP is comparatively simple with TRAVIC-Payment Hub as it provides extensive options for adjustments based on user requirements. This is made possible by customised workflows per client at scheme and product level as well as individual interfaces and channels. In addition, there is a high degree of configurability at the levels of accounts, customers, customer groups and standards. For RTP applications, the basic design of TRAVIC-Payment Hub has several advantages:

  • Decoupling from the actual processing of payments, i.e. clearing and settlement
  • Possibility to offer payment initiation according to the EPC RTP Rulebook as an additional service without the need to intervene in the payments systems
  • Connection to the RTP service of EBA CLEARING, currently the only automated clearing house with pan-European reach
  • Fast and cost-effective implementation thanks to easy integration into the existing payments landscape
  • Uninterrupted operation even during release changes

Holistic view thanks to TRAVIC-Payment Hub

As the regulatory requirements in payments keep increasing, a hybrid platform such as TRAVIC-Payment Hub (TPH) is particularly interesting because it can leverage synergies. This reduces both the adaptation effort during implementation ("change the bank") and the maintenance effort ("run the bank"). In running operation, TPH demonstrates how specialist teams merge and a cross-scheme view of payments is created. Even individual database extensions, GUI artifacts or business services can be combined with the standard product. The result is a functional overall system that covers all regulatory requirements in addition to the respective requirements of the financial institution.

Request to Pay and the integration in TRAVIC-Payment Hub – quickly explained

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 Thomas Riedel PPI AG

Thomas Riedel

Leading Product Manager

Dr. Hubertus von Poser PPI AG

Dr. Hubertus von Poser

Head of Sales and Consulting Payments


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