This module provides for automation of payment document processing inside the bank with branches as well as interface of bank payment system with external payment systems servicing local currency payments.

As external payment systems may be: the Central bank payment system, clearing houses, correspondent banks, with mutual correspondent relations available. The module provides for a flexible adjustment of interface rules with different external payment systems. For example, a confirmation scheme for payment transmission stages may be adjusted for a correspondent bank. It is clear that such adjustment depends on the software installed in the correspondent bank.

Automatic correspondent account reconciliation upon the statements and confirmations is implemented for any payment system. The sheets of discrepancies on correspondent accounts are generated.

The module provides for automatic receipt of incoming electronic documents from external payment systems. There are facilities for review and confirmation of received incoming payments. Adjustment of conditions for automatic approval of incoming payments is available. For example, automatic approval of payments with amount less than specified is possible.

Besides processing of incoming payments, the module provides for review and approval of outgoing payments of the Head office and branches.

For simplification of the procedure for outgoing payments dispatch the module provides for adjustment of conditions for its automatic approval. For example, it is possible to adjust the system so that only the payments with large amounts require approvals.

Facilities are available for outgoing payments dispatch management through various payment systems.

The module is designed for processing of electronic payment documents. However, if necessary the incoming payments may be entered manually.