Vault Payments' configuration framework delivers unparalleled interoperability and accommodates a wide variety of global payments and card schemes.
Its powerful configuration layer is logically separate from platform code, allowing our clients to build truly bespoke payment flows and implement rules-based payment controls.
Our clients can create flows using pre-built building blocks or write custom logic using the flexible yet easy-to-use configuration language to suit their unique payment processing needs.
Clients can define rules to execute on any aspect of the payment, such as currency, amount, merchant type, or based on data from integrated systems such as fraud systems – enabling the creation of powerful and bespoke execution logic.
Dynamic account routing gives banks’ customers better control over their finances. For example, a customer can pay for a specific purchase using a loan instead of using a current account and incurring overdraft fees. A corporate customer, for instance, could divert funds to particular accounts depending on the type of payment to help with cash flow management.
Intelligent, rule-based routing can be applied to choose the correct payment flow and scheme and select the core banking system which stores the account for posting.