The payment landscape is changing faster than ever. Increasing regulation, rapidly advancing technology, and growing customer expectations are reshaping the way banks and financial institutions deliver their payment capabilities to the market. GPP-SP, a Payment Services Hub offered by Fundtech and running on IBM® systems, represents a collection of rules-driven payment services designed to allow orchestration of end-to-end payment processing, data management, and integration across all channels through back-office systems and clearing and settlement systems, using industry standard interfaces. This IBM Redbooks® Solution Guide provides an overview of this payments solution.

Transaction banking has become increasingly competitive, with greater focus on fee-for-service revenue, shortened development cycles, pressure to reduce operating costs, and rapid response to industry initiatives. At the same time, clients have become more demanding, requiring greater customization of services and fees, and a simplified user experience that requires less training and produces fewer costly errors. The answer to these challenges lies in implementing a payment hub. Mass payments, including consumer and business low-value payments (such as ACH or SEPA transactions) that are typically processed in very large quantities, typically require a highly scalable system.

IBM® and Fundtech have partnered to provide such a solution, called Global PAYplus Services Platform™ (GPP-SP) 4.0. GPP-SP represents a collection of rules-driven payment services designed to allow the orchestration of end-to-end payment processing, data management, and integration across all channels through back-office systems and clearing and settlement systems, using industry standard interfaces. It runs on IBM Power® Systems supported by AIX®, Oracle Java, and Microsoft SQL Server.


Figure 1. GPP-SP can be used by any size bank


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The payment landscape is changing faster than ever. Increasing regulation, rapidly advancing technology, and growing customer expectations are reshaping the way banks and financial institutions deliver their payment capabilities to the market. Faced with the need to generate new revenue in an environment where the costs are rising due to the need to respond to regulations and to introduce new products just to maintain competitive parity, banks and financial institutions demand payment platforms which are: