ST-Pymnts

ST-Pymnts is our integrated clearing and settlement system for the US market designed to process and control all wire transfers and messages associated with funds settlement for U.S. Dollars. ST-Pymnts fully supports FEDLINE Direct, CHIPS, and FEDLINE Advantage as well as supporting SWIFT standards. This is accomplished while all payments are processed through its integrated Watch List solution.

Features

Fully certified FEDLINE Direct/ FEDLINE Advantage Funds and CHIPS solutions
On-line funds control from back-office or within ST-Pymnts
Real-time Watch List checking with support for multiple lists as well as manual look-up capability
SWIFT BIC, CHIPS UID and FED ABA databases incorporated to maximize STP rates
Modularity and LAN based technology readily accommodate growth
Browser based front end to support customer payments origination.

Benefits

Direct access to USD Clearing system through FRB or CHIPS
Real time funds control and review prevents unauthorized overdrafts.
Stop any incoming or outgoing payment that may be subject to Watch List review
User friendly design adds to efficient use of staff & higher quality payments processing
Absorb volume increases by expanding LAN resources with same application

Overview
Technical Specifications
Downloads

ST-Pymnts consists of several component modules which can be selected individually or as a group to meet a bank’s specific requirements.

ST-Pymnts CORE, the processing engine, features a balance control function enabling banks to set individual overdraft and credit limits, including central account clearing. CORE has the ability to decide how and where a bank manages its funds on an intraday basis. CORE also provides an interface to a bank’s host system for transaction processing and balance control through various types of interfaces. In addition, there is a complete selection of standardised reports to meet operational, auditing and regulatory requirements as well as automated activity notification.

ST-Pymnts has been developed to support a range of payment management standards, and includes modules for FEDLINE Direct, CHIPS IP, SWIFT, FinCEN, OFAC, and investigations.

ST-Pymnts utilizes a Wintel server environment with a Windows 2008 server and SQL 2005 data base manager to support its Windows-based client server architecture. In order to be able to optimize operator efficiency in a production environment system workstations utilize Microsoft XP and will be available with Win v.7 once generally available and stable. System reporting utilizes standard Crystal Reports functionality for general use.

Use of the remote browser based origination module requires a separate server outside of the ST-Pymnts environment with an application server with SQL 2005 and hardware that supports IBM WebSphere MQ, and a J5EE application server. IBM application server, IBM community edition application server, Sun GlassFish application server, or any J5EE compliant application servers are all options.

ST-Pymnts Fact sheet

ST-Pymnts Solution Overview