The Instant Payment System (IPS) enables customers to initiate lightning-fast transfers—even without providing a bank account number—by using secondary identifiers. These identifiers can include the account holder’s mobile phone number, email address, tax number, or personal tax identification code, making payments simpler and faster than ever before.
Capsys’s Secondary Identifier Module features a dedicated Secondary Identifier Repository, which ensures seamless and rapid synchronization with the central data store within the Central Infrastructure system, utilizing standardized message protocols. This solution is not only proven, reliable, and secure, but also fully compliant with the MNB Regulation 35/2017 (XII. 14.), ensuring that payment transactions are carried out in accordance with the Hungarian National Bank’s regulatory requirements.
This module offers an excellent opportunity for banks and payment service providers to modernize their services, enhancing user experience and accelerating transactions—delivering a strong competitive advantage in today’s rapidly evolving financial landscape.
Technology stack:
- Java-based SpringBoot application
- Platform-independent
- Deployment environments: Native, Docker, and Kubernetes/OpenShift
Key features:
- Easy integration with banking systems
- High availability and scalability
- Up-to-date compliance with banking IT security standards
