Lightning-Fast Real-Time Payments
Process and settle payments within seconds, enabling users to complete transactions instantly, anytime, anywhere.
Veracious Instant Payments Platform
Power real-time, always-on payments for transfers, bills, and more, with military-grade security.
Since 2019Serving banks
5 countriesCentral bank spec compliance
Real-time & high-valueProduct family
Overview
Real Time Instant Payment Platform
The Veracious Instant Payments Platform is a cutting-edge solution designed to support real-time, round-the-clock financial transactions. It enables users, retail or corporate, to perform instantaneous fund transfers for a variety of use cases, including peer-to-peer payments, business payments, government payments, merchant payments, deposits, bill payments, and more.
Unlike traditional payment methods that may involve delays or batch processing, this platform ensures funds are transferred and settled within seconds, 24/7, including weekends and holidays. It is built with robust security, using digital signatures and encryption to ensure safe and compliant transactions.
Instant Fund Transfers
Executes immediate crediting and debiting of accounts, providing real-time availability of funds.
24/7 Transaction Availability
Operates non-stop, allowing users to transact at any time of day, even outside of traditional banking hours.
Multi-Use Payment Support
Handles a wide range of payment types, including transfers, purchases, utility bills, deposits, and withdrawals.
Secure Communication & Validation
Utilizes digital signatures, encryption protocols, and authentication mechanisms for secure processing.
Geographical Compliance
GSS has Central Bank specification compliance in the following countries
GSS Payment Hub and IPP modules can be configured for any country regulatory specification. Veracious IPP has been serving banks since 2019.
India
UAE
Kenya
USA
Tanzania
Instant Payments Platform
Features
Always-On, 24/7 Availability
The platform runs 365 days a year, including weekends and holidays, ensuring uninterrupted payment services for customers and businesses.
Enterprise-Grade Security & Fraud Protection
Protect transactions with end-to-end encryption, digital signatures, and fraud detection tools that monitor and respond to suspicious activity in real time.
Versatile for Every Use Case
Supports a wide range of transaction types, including P2P, B2B, G2C, merchant payments, and bill payments, making it a true all-rounder.
Veracious platform
Instant Payment Platform Features
Correspondent Bank Management
Manage your list of correspondent banks, communication protocols and integration touch points from a single interface.
Message Engine
A Universal Payment Hub feature that allows you to design and interface with every type of payment network, coupled with schema and message validation capabilities.
Forex Currency Conversion
Real-time ability to request, lock and hold forex currency by integrating with core, treasury and custom network APIs, applying a multicurrency approach to domestic networks.
GL Account Management
A universal master setup to manage debit, credit, pool, settlement, charge and tax accounts.
Exception Processing
A universal payment hub feature that allows configuration of exception flows, automatic retry counts and manual processing.
Intelligent Routing
Rule-based routing considering customer, network and bank-specific conditions.
Communication Setup
Integration with email and SMS gateways through APIs, and custom integrations with Kafka streams for internal system updates, are all possible; there is no restriction. Each notification can be configured based on any event.
STP Integration with Bank Ecosystem
All integrations, from channels to the core payment engine, internal bank landscape systems and payment networks, are integrated via straight-through processing and straight-through exception handling, eliminating manual processes wherever possible.
User Role Management
Comprehensive role-based privileges with the ability to integrate with third-party systems. LDAP and OpenID integration are supported.
Integration Management
Extensive setup for all integration endpoints.
Business Parameter Real Time Sync Configuration
All business process-specific parameters can be configured by business users with a maker/checker approval flow, and enabled with real-time sync to avoid downtime.
Scheduler Process Management
The scheduler enables us to run scheduled jobs by marking the frequency, event and action to be performed.
Rule Engine
A universal rule engine is applied to configure any business rules or workflow processes with ease.
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