Host to Host Payment Solution
Transcript of Host to Host Payment Solution
-
8/12/2019 Host to Host Payment Solution
1/12
-Nakul joshi
-
8/12/2019 Host to Host Payment Solution
2/12
Agenda Overview
Encryption Mechanism
Routing feature Benefits of solution
-
8/12/2019 Host to Host Payment Solution
3/12
Solution Entities & relations
-
8/12/2019 Host to Host Payment Solution
4/12
Overview
-
8/12/2019 Host to Host Payment Solution
5/12
Process Flow
Payment Saved InOracle
Actual PaymentProcess In centralbank
BankEnvironmentPayment FileValidation
Acknowledgement
/NegativeAcknowledgementReport from bank
ConcurrentProgram generates.csv File
Payment ApprovalEngine Process
End of the dayStatus Report
View PaymentReport in Oracle
Payment sentto bank
-
8/12/2019 Host to Host Payment Solution
6/12
Payment Approval Engine Oracle does not provide the approval process for
payments.
All approval process is manual Proposed solution replaces manual processes
Custom Approval workflow process can be configuredas per clients requirement
Payment processes can be tracked accurately
-
8/12/2019 Host to Host Payment Solution
7/12
Payment Approval Engine ProcessApproval engine triggers when payment is saved in
oracle
An approve/reject notification is sent to the approvers Subsequent FYI notifications are sent to approval
engine participants
Payments can be approved rejected at any level
-
8/12/2019 Host to Host Payment Solution
8/12
File GenerationAfter the approval of payments, a concurrent program
generates the specific file.
Concurrent program checks for data validations andgenerates file in system.
File contains payment standards as specified by centralbank.
Validation process avoid false data entry into banksystem.
-
8/12/2019 Host to Host Payment Solution
9/12
File Transfer to bank File is transferred to bank using SFTP protocol
SFTP(Simple File Transfer Protocol) is the most secure
file transfer activity and is highly followed in transfermechanism
File is transferred as an encrypted file
Encryption typically is of PGP(Pretty Good Privacy)
Protocol PGP is an OS level protocol and is suggested by most
of the banks
-
8/12/2019 Host to Host Payment Solution
10/12
Payment File Validation Bank receives the file through SFTP
Bank performs initial validations as per norms
mentioned by central bank If payments passes through validations then an
acknowledgement file is sent to oracle within halfhour.
If payments fail the validation then a negativeacknowledgement is sent accordingly
-
8/12/2019 Host to Host Payment Solution
11/12
End of the day Report Payment is then sent to central bank after initial
validation
An end of the day status report is sent back to oracleafter payment processing hours
The report contains detail analysis of the paymentincluding the current processing status, amount
transferred, beneficiary details etc. Process compeletes.
-
8/12/2019 Host to Host Payment Solution
12/12
Beauty of H2H process No manual Intervention.
Fully automated system.
High level security standards. Reduction in paper work.
Better tracking of payments.
Most important, very quick payments with sound
accuracy.