PAYaaS coming soon

Our new service PAYaaS (Payments as a Service) announced at EBAday 2010 Luxembourg is in this week’s bobsguide NEWS

You’ll find the announcement of our new service in the Financial Technology NEWS section on bobsguideThe Essential Global Resource for Financial Technology

Or you can read it here:

Business Information Systems (BIS) announces PAYaaS service
Luxembourg – 26 May 2010

At EBAday BIS announces the phased availability of its PAYaaS service starting 12 July. PAYaaS is a consistent package of services managing financial transactions for corporate treasuries and banks in the European (multi-currency) space, based on a specialized processing center which provides: transactions’ processing, access to shared business modules, SWIFT connectivity and SWIFT business applications.

Up-page photo: First day at EBAday in our stand, starting the demos for our invitees

a) Transactions’ management – by highly reliable and secure connectivity channel between the bank’s back-office, its corporate customer’s ERP and its correspondent banks:
-routing from/to back-office/ERP, towards SWIFT or other dedicated external networks
-formatting the payment, trade or securities instruments (credit transfer, debit instruments, direct debit, L/Cs etc.) for interfacing with market infrastructures (i.e. for RTGS & ACH subsystems).
-converting to/from SEPA or FIN standard
-authorizing, rejecting, archiving, reporting financial transactions

The hub keeps persistent tracks of all the financial transactions (using its own database) for improved reliability and audit trial

b) Shared business modules: AML (transactions filtering), liquidity reporting, competitive reporting, NOSTRO accounts reconciliation (for banks), and invoices / payments / statements of account reconciliation (for corporate)

c) SWIFT network connectivity via a SWIFT Service Bureau hosted by the same center

d) SWIFT Business Applications (Exceptions & Investigation, Cash Reporting, Bulk Payments etc.).


Due to the large interest for the themes Trade Finance and Liquidity Management – themes that, together with our team and the participants, made a successful event on the 5th of May, we’ll have a second edition as promised:
Second Workshop IV /2010
May, the 19th
Trade Finance and Liquidity Management

Thanking the first event’s participants for their valued contribution, we welcome the next one’s confirmed invitees.
Top page: photos during the 1st session and the coffee break.


BIS could not miss the central event of the year for European payments, Euro Banking Association Day 2010, taking place in Luxembourg on May 26th -27th.

After a 2009 successful experience, BIS is participating again as an exhibitor, this time we have stand no.10. We thoroughly prepared presentations and demos of our latest developments. Furthermore, our visitors will be informed about BIS solutions, dealing with
Ensuring proper stakeholders’ involvement in the SEPA project
is providing each with appropriate solutions


SEPA was basically a banks’ initiative, but don’t forget who the real beneficiaries of SEPA are – individuals, corporates, and public administration. To unlock the full potential of SEPA, each of the above stakeholders should be provided with a suitable solution covering their specific requirements.

Business Information Systems’ response to this challenge is its payment hub, qPayIntegrator, the first solution being awarded the SWIFTReady SEPA certification in 2008 (re-certified in 2009). qPayIntegrator ensures operational risk containment through clearing and settlement-related business flows automation, liquidity management, while providing a rich set of payment exceptions detections, early alerts for fraud attempts and competitive trends features. The solution is sizeable to fit commercial banks’ back-offices, State Treasuries, corporate treasuries and service bureaus payment business. qPayIntegrator is the ideal platform to up-scale the financial transactions processing across the supply chain, providing end-to-end business automation.

Commercial Banks use qPayIntegrator to handle their payment business, using the entire set of payment instruments and combining a consistent portfolio of features, in a multi-currency environment. qPayIntegrator’s high availability rate – a measurement of customers’ trust in itself – makes it a solid, practice proven solution. The multi-BIC capability points towards a perfect solution for SaaS providers.

The Romanian Ministry of Public Finance is a public administration entity using banking instruments and standards to build an interoperability bridge with the local and European business community. The Romanian State Treasury Electronic Payment System (RoSTEPS), based on qPayIntegrator, was deployed to process electronically its daily payments and collections; and you know taxes account for a significant share of the transferred volumes in any market! The system was recently enhanced to provide SEPA (Single Euro Payments Area) compliance on both credit transfer and direct debit transactions. Given the powerful operating model of the State Treasury and its practice proven effectiveness, it can be straightforwardly replicated in the European area.

Business Information Systems is extending qPayIntegrator’s scope beyond being a TARGET2 and SEPA-ready payment solution – to ideally ensure end-to-end interoperability between supply and demand sides, centered on SWIFT standards, services and technology.

For retail financial customers we have developed, on top of qPayIntegrator, a workers’ remittances transfers application, additionally providing a set of both front- and back-office features, thus ensuring transactions registering, tracking, reporting and end-to-end transactions confirmation. This can be easily extended to wages and pension payments in order to achieve lower operational costs and improved STP.

We address the wholesale financial customers – corporates – with several treasury business improvements, based on SWIFT MACUG/SCORE architecture and qPayIntegrator installed at one or both ends of the corporate – bank space. This helps corporates consolidate their treasury business, achieving a centralized common approach for payments, a single view of cash positions and accounts-related information, along with an enhanced reconciliation solution for payments and invoices. Furthermore, corporates can extend the solution to cover other business areas, such as treasury, securities, trade financing.

Don’t forget to visit us in Luxemburg at EBADay, on May 26th -27th, stand no. 10!

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