Payments Services

Messaging

The Real-time Payment System's messaging feature will provide a basis for integrating commerce and payments. Banks are now able to create end-to-end solutions for retail and business customers in ways that only could be imagined before now.


To build new digital commerce services, messages can be put to use in many new ways.  For example, related messages can be linked into complex transactions and messages can carry remittance data and reference to external data and processes for extended functionality.  

Product development teams are no longer constrained by limitations of existing payments infrastructure!   


Five Message Types

CREDIT TRANSFER
  • Basic multi-purpose payment message, including remittance information

REQUEST FOR PAYMENT
  • To support e-invoice or e-billing

PAYMENT ACKNOWLEDGMENT BY RECEIVER
  • Real-time status messages from the receiver to the sender regarding payment disposition (e.g. invoice paid, goods shipped, etc.)

REQUEST FOR INFORMATION
& RESPONSE
  • Receiver request for additional information about a payment (e.g. requesting customer account number, invoice number or purpose of payment)

REMITTANCE ADVICE
  • Extensive remittance detail is included in addition to the Credit Transfer message



See how messages are used to create new digital commerce services in this 2-minute video