The international instant money transfer control module allows to fully automate the entire life cycle of cash transfers both domestically and abroad from the moment of transaction type creation, accounting setup, creation of transaction for non-cash transfers to the moment of transaction execution in the ledger of the automated banking system.
This module is designed to set up all products oа international instant money transfers by using a parametric constructor. All commission income and expenses of the bank are calculated and accounted in accordance with the set values and/or calculation formulas in the constructor including the choice of the country code. Income rate can be determined by the amount transferred in the system or commission fee paid by a client.
The module provides a front-office for branches and outlets and a back-office interface at the bank's head office for automated clearing and settlements with partner banks and necessary money transfer systems.
In order to avoid double data entry, the integration interface of the system is built in for online transactions with subsystems of international money transfers:
- Western Union;
- MoneyGram;
- UniStream;
- Contact;
- LIDER (ЛИДЕР);
- Zolotaya Korona (Золотая Корона);
- and others;
Some systems do not allow online connections to main banking systems. In this case, the offline mode is maintained (when the payment is approved in the banking system, the same transaction should be displayed in the instant money transfer system). In the case of offline connection, double data entry is required.
The module is integrated with the SWIFT transactions module in the treasury unit to generate MT transfers for required correspondent accounts of the partners. Correspondent accounts and clearing are set up using separate constructors (settlements between incoming and outgoing payments):
- МТ200;
- MT202;
- MT205;
- MT320 (for new transactions).
The functionality of the system allows to perform all types of transactions on instant money transfers on the "single window" principle:
- cash transfer transactions for instant money transfers;
- cash receipt transactions for instant money transfers;
- cash return transactions for instant money transfers;
- control operations by regulator limits.
The entire accounting model under this module is configured with a built-in constructor. All transactions in accounting are displayed automatically via transactional accounting of the system.
Main functional units of the module:
- creation and management of instant money transfer products;
- unit for integration with international money transfer systems;
- accounting model setup;
- tax and deduction management for instant money transfers;
- fee calculation and transaction clearing.
- This module enables setup and automated generation of required printing forms:
- cash receipt voucher;
- cash payment voucher;
- instant money transfer agreement