Payment Pre-Validation Enabler
Innovating Payment Solutions for the Digital Age
Modernize your payments now
Step into the future of payments with Netlink Payments, where we transform your payment encounters. Our customized suite of solutions is meticulously crafted to enhance both pre and post payment procedures, ensuring unparalleled excellence across your payment journey.
Our Products & Services
Beneficiary Account Verification
Prevent payment inaccuracies and delays by verifying precise account information. Our Financial transfer and remittance administration service ensures that payments are smoothly delivered to their intended recipients, safeguarding your transactions.
Powered by our proprietary Market Intelligence and a strategic fusion of internal and external resources, Netlink Financial transfer and remittance administration assures the accuracy of beneficiary account details. In collaboration with Swift, this service leverages insights from a vast database of over 9 billion transactions and a wide network of provider banks, providing you with the highest level of assurance.
Accessible through the user-friendly Netlink service interface or seamlessly integrated via APIs, Beneficiary Account Verification offers convenience and reliability.
Swift Message Assistant
Parses and performs syntax validation of SWIFT Messages. This service aids end users / operators in decoding SWIFT payment messages into humanreadable formats, facilitating easy comprehension. It assists in extracting essential information from messages, such as instructed amount, currency / amount, and beneficiary details, streamlining the process and enhancing efficiency
Account Format Validation
The service validates the account against Swift reference data pertinent to the instructed currency and payment market infrastructure, with such data meticulously maintained by Swift. It conducts syntax validation to ensure the amount aligns with the currency’s standard number of decimals. Additionally, semantic validation is performed to ascertain if the amount complies with the specific amount limit(s) set by the payment market infrastructure.
Data Provider Identity
The service validates if the financial institution is registered at Swift as Payment Pre-validation data provider
Validates Category Purpose
This request validates the instructed category purpose code against the list of category purpose codes available in the SWIFT reference data for the instructed payment context (creditor country).
Financial Institution Identity Validation Service
The service validates the identifier of the financial institution, either by BIC or by national identifier as provided by the local payment instruments.
Validates Payment Purpose
This request validates the instructed information regarding the purpose of the payment (purpose code, purpose description) based on the specific requirements available in the SWIFT repository, for the instructed payment context (creditor country, creditor account currency and local payment market infrastructure).
Payment Instruction Validation
This service verifies if the provided payment information meets the eligibility criteria outlined in the Rulebook. It assesses both the amount and currency, ensuring compliance with Rulebook standards. Additionally, the validation includes confirming the availability of a valid route for processing the payment according to the relevant Rulebook specifications
Payment Instruction Validation
This service verifies if the provided payment information meets the eligibility criteria outlined in the Rulebook. It assesses both the amount and currency, ensuring compliance with Rulebook standards. Additionally, the validation includes confirming the availability of a valid route for processing the payment according to the relevant Rulebook specifications.
Our Key Partners
Swift, the global member-owned cooperative of more than 11,500 banking and securities organisations, market infrastructures and corporates, stands as a cornerstone of the financial world. As a recognized and registered provider within its platform partnership program, holds the privilege to extend Swift’s pivotal services, assuming the role of a technical enabler for financial institutions to harness value-enhancing capabilities. Our proprietary connectivity streamlines this process, requiring minimal development effort on the part of the financial institution.
Wipro Payments offers comprehensive solutions tailored to meet the evolving needs of modern finance. Leveraging cutting edge technology and industry expertise, Wipro Payments delivers secure, efficient, and seamless payment processing services. From innovative digital payment platforms to robust risk management solutions, Wipro Payments enables businesses to optimize their financial operations and enhance customer experiences. With a commitment to reliability and innovation, Wipro Payments is a trusted partner in driving financial success for clients worldwide.
Advantages
Our Leadership Team Valuable within a bank’s back-office operations, this solution is equally beneficial for any corporate user.
Minimize the quantity of non-STP payments.
Decrease the rate of rejections or associated fees.
Combat fraud by verifying beneficiary information.
Refine the beneficiary
database.
Prevent funds from being blocked by other bank.
Our Leadership Teams
Manu
Infra-Structure and Services
Manu, our Head of Infrastructure and Services, a leader with a proven track record of innovation. With a focus on reliability, security, and scalability, Manu drives our team to deliver high-quality services that enhance user experience and support organizational growth
Bhup
Business Development
Bhup, our Head of Business Development, a seasoned leader driving growth through strategic partnerships and market insights. His dynamic leadership and customer-centric approach ensure value delivery and business success.
Megha
Quality Analysts
Megha, our dedicated QA Lead, ensuring superior quality and seamless user experiences through strategic testing and meticulous attention to detail.
Edgar
Operational Readiness
Edgar, our Operational Readiness Lead, dedicated to ensuring smooth transitions and operational excellence through strategic planning and meticulous attention to detail.
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