NETS Instant Payments
In today’s dynamic global economy, business agility is more important than ever. With the proliferation of non-banking entrants leading to increased competition within the banking industry, banks have to offer better value to their customers to stay ahead of competitors. NETS Instant Payments gives banks real-time advantage with the capability to create new revenue streams in electronic and mobile commerce transactions, increase brand awareness and further promote existing products. Process high volume transactions in seconds, securely with state-of-art and high-availability technologies with NETS Instant Payments.
Harness the growth of online banking and yield more than funds transfers
High-speed, robust transaction handlingNETS Instant Payments is a high-volume, high-speed real-time electronic funds transfer system that can operate 24/7, every day of the year. It paves the way for banks to receive funds speedily for bill payments, online purchases, remittances, and personal payments, payment types that cannot be realised by multiple batch processing.
Fastest round trip end-to-end payment transaction in the worldAs the fastest end-to-end system and the first in the world with ISO 20022 for real-time direct debit, NETS Instant Payments offers precision and security for all transfers, providing immediate confirmation within 15 seconds.
Global linksNETS Instant Payments is the foundation for multi-currency cross-border money transfers, reducing costs associated with cheque and cash payments, and enhancing STP (straight-through processing) as it reduces reconciliation errors.
Meeting all needsWith NETS Instant Payments, businesses are better equipped in providing payment transaction services to unserved or under-served communities. Our solution covers areas where physical banking infrastructures are not viable and provides options that are previously not available due to existing inherent limitations.
Smooth connectivity to the world’s first Real-Time Direct Debit platform with ISO 20022
Comprehensive support for inter-bank Credit Transfers and Direct Debits
Minimise bank credit risks
Supports Multiple Settlement Cycles