Electrum Updates: Corporate Real-Time Collections & Payouts

Bulk Collections and Outbound PayShap Disbursements

The latest updates to the Enterprise Payments Channel deliver high-volume bulk PayShap Request and PayShap Disbursements through a single API integration.

Banks can continue to modernise their offering and get their corporate clients to market fast with reliable solutions to send and receive money in real-time via PayShap.

New Functionality

Boost corporate client loyalty with Outbound PayShap

Electrum’s Enterprise Payments Channel now offers Outbound PayShap for real-time disbursements. This enhancement enables corporate clients to make instant, account-to-account payments using the PayShap rail with full visibility and seamless reconciliation all through a single, modern API.

This capability is ideal for real-time payout scenarios such as:

Insurance claim settlements

Sports betting and gaming payouts

Customer refunds and reversals

Loan disbursements for regulated microlenders and fintechs

Banks can reduce strain on their core systems and enable their corporate clients with real-time disbursement functionality fast.

Speed to market

Enable corporate clients with speedy access to real-time disbursements without the need to build and/or maintain complex PayShap integrations in-house.

Operational simplicity

The Enterprise Payments Channel manages end-to-end transaction processing and order management on behalf of the bank, protecting core systems.

System stability

Built-in controls, including rate limiting, throttling, and message-level validation, to ensure stable, predictable, and safe interactions with the PayShap rail.

Strengthened competitiveness

Provide a modern payments experience aligned with trusted real-time disbursement trends, positioning your corporate offering as future-ready and aligned to customer expectations and needs.

Corporate clients can now make instant payments via PayShap with greater visibility and control.

Gain control

Initiate single real-time disbursements directly into a recipient’s account.

Immediate transaction outcomes

Receive the exact outcome of every payout immediately, with the specific reason returned by the receiving bank if it failed.

Operate at all times

24/7 operation without being limited to business-hour batch windows or next-day settlement cycles.

New Functionality

Optimise collection success with bulk PayShap Request

Corporate clients now have the ability to initiate multiple Request-to-Pay (RTP) transactions via a single, streamlined bulk message, simplifying their collections process and enabling greater operational efficiency.

With the successful launch of PayShap Request, banks can now introduce bulk PayShap Request functionality with stability and reduced operational complexity to their core systems.

Operational simplicity

Banks can experience reduced manual effort and complexity by integrating once and leveraging bulk functionality directly into existing bank systems.

System Protection

Electrum provides rate-limiting functionality to manage the flow of outbound requests, ensuring controlled volume processing, helping the bank maintain stability at optimal thresholds.

Corporate clients can now utilise a simplified high-volume collections process with the same end-to-end visibility across every RTP, even within the bulk operation.

Simplified high-volume collections processing

Initiate single real-time disbursements directly into a recipient’s account.

Maximised transaction success

Electrum performs proactive functional validations on behalf of the corporate client to ensure invalid transactions are rejected at the beginning of processing, reducing processing delays and enabling quick correction and/or resubmission of transactions.
Pre-emptive participant validation is available to enable corporate clients to check if a recipient’s bank supports PayShap services before sending an RTP.

Greater visibility

Electrum’s RTP Store enables corporate clients to query the individual RTP status throughout the payment lifecycle in real time.
Corporate clients receive an aggregated bulk status report once processing of the bulk is complete.
Corporate clients will receive a consolidated reconciliation with inclusions across all PayShap services.

Enterprise Payments Channel

Streamlined refunds for banks and corporate clients

Learn more

Use Case

Enterprise Payments Channel

Introducing a new collection method for Corporate Clients