Building upon Distra's proven payments technology and expertise, the Distra Faster Payments solution delivers a scheme compliant connectivity and positions Distra as the leading technology in the adoption of Faster Payments across the member banks.
Distra's UK Faster Payments solution combines the best features of the Distra platform with functionality that provides member banks with an efficient gateway solution for online access to the FPS infrastructure.
Marketed through our partner VOCA, the VPS solution provides secure and compliant connectivity to the central infrastructure through the mandated ISO8583 based scheme link and supports all administrative and informational messages (USMs).
On the bank side, the solution provides a number of connectivity options for processing immediate and diarised payments from a variety of internal systems requiring FPS connectivity. The solution supports variants of ISO8583 and ISO20022 payments messaging, with support for MQ series connectivity.
Managing liquidity is an important feature of the solution, with the solution maintaining real-time settlement position against the other member banks. A configurable set of limits across the different payment types are managed, with the solution ensuring payments and consequently exposure never exceed these prescribed limits for any single settlement period.
A portal application provides configuration of these limits, monitoring and research as well as queue management, making the solution user friendly and readily maintainable within each banks infrastructure.
The DCA feature also provides direct corporate access and allows for direct entry corporate payments to be cleared over the Faster Payments network.