Solution Update - Clearing House Payments

Unlock greater control of your EFT scheme with our latest enhancements

Gain the ability to master complex multi-business unit workflows and streamline day-to-day transaction cycles with the latest tech stack for Electrum EFT.

Explore EFT Solutions

3D stacked blocks labeled Electrum EFT core systems with colorful vertical bars on the side.

Electronic Funds Transfer Update

Own your processing behaviour

Have flexibility and simplified back-end process administration by applying user codes to different business units. Lower the complexity of your postings processing with direct integrations.

Features

Control processing behaviour
Access the flexibility to safely isolate and manage distinct business-unit transaction workflows. Configure nominated accounts, data field mappings, and PayInc file transmission based on user codes.

Simplify postings processing
‍Reduce complexity with a direct integration to your core systems. Seamlessly process postings for all debit, credit, and unpaid payments.

Electronic Funds Transfer Update

Ensure systems run smoothly with enhanced scheme processing and operations

Streamline your day-to-day transaction cycles with Electrum EFT updates. Increase efficiency, reduce processing fees, and ensure regulatory compliance and corporate client satisfaction.

Features

Reduce industry overhead
‍Lower your expenses by decreasing processing volumes to PayInc. Leverage direct processing of all on-us credit instructions.

Access broader scheme processing capabilities
‍Implement your preferred approach for processing unpaid transactions with either consolidated or unconsolidated methods with PayInc.

Simplify edge-case scenarios
Eliminate complex workarounds with streamlined support for reopening processing windows with PayInc when requested.

Coming Soon

Look forward to the next release of Electrum’s Clearing House Payments solution update, which is expected to include:

Use Case

TCIB

Electrum’s streamlined TCIB system keeps your core systems stable and ensures reliable outbound and inbound scheme-compliant cross-border payments.

Use Case

EFT

Further upgrades to Electrum’s new EFT Solution will include duplicate validation and improved operational tooling.

January 2027 Release

End-to-end DebiCheck processing for Creditor and Debtor banks

Gain the freedom to innovate with:

Access broader scheme processing capabilities

Mandate register

Gateway processing with PayInc

Learn more

The Electrum Product Roadmap is now available,  get a view of what's coming over the next six months.

Contact your Account Executive for a formal review.