GP2 – Platform for growing the Real-Time Payments Eco-System

While it’s not hard to see the argument for growing the Real-Time Payments ecosystem, the challenge of achieving that growth might seem daunting.

What’s needed is an intelligent tool which can build competency, speed up the adoption process, operate with maximum security and be cost-effective.

Ticking all those boxes is Bhuma’s Global Payments Simulator, Testing and Certification Platform (GP2).

 

GP2 provides following capabilities:

 

  • Knowledge and skill building – through its intuitive UI.
  • Agile/Iterative development – predefined business-driven test cases and configuration capability promotes agile development.
  • Monitoring and reporting – monitor the progress of test executions at any given point in time and view a detailed report for each test execution.
  • Testing and certification – automated functional, non-functional and certification test cases speed up your readiness to join any real time payments network.

GP2 implements any ISO20022 message

GP2 Key Building Blocks

Bank/PSP and Clearing House Simulator

Key Benefits

Education and training for business use cases with the help of interactive UI
Testing of all ISO20022 payment message flows (including individual and co-related messages, validating end-to-end business scenarios).
Automated and UI-based tests execution, reports and certification capability.
Empowering agile or iterative development for building real-time payments capability.
Cost-efficiency – Bhuma’s cloud-based service is available 24/7 on a competitively priced subscription model (with minimal upfront cost).
Reducing adoption time – thereby accelerating the scaling up of a global real-time payments eco-system.
Encouraging collaboration – by reducing the knowledge gaps between teams and imbibing a common understanding.
Driving innovation/agility – via the ability to add new business flows and rules.

Clearing House Simulator Workflow and Settlement Features

General Workflow Features

  • XSD, Signature and Business Rules Validation
  • Processing of all ISO20022 payment and admin messages
  • Repeat Message Handling
  • Duplicate Message Handling
  • Timeout Message Handling
  • UTF8 Character Set Support
  • Generate SEN
  • Support for multi connections.
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Settlement Features
  • Supports both Pre-funded and Deferred Net Settlement Models
  • Create/Edit Settlement Calendar
  • Cutover functionality based on Settlement Calendar
  • Maintain Debtor/Creditor Net Position
  • Credit/Debit Settlement Account
  • Generate SEN

Workflow Configurability and Extensibility Features

  • Time zone, Currency and Business Rules Rejection reason code Configurability.
  • Business Rules Execution Sequence Configurability
  • Add/Delete a business rule
  • Add New Business Flows

Bank/PSP Workflow Features

General Workflow Features

  • XSD, Signature and Business Rules Validation
  • Processing of all ISO20022 payment and admin messages
  • Repeat Message Handling
  • Duplicate Message Handling
  • Timeout Message Handling
  • UTF8 Character Set Support

Workflow Configurability and Extensibility Features

  • Time zone, Currency and Business Rules Rejection reason code Configurability.
  • Business Rules Execution Sequence Configurability
  • Add/Delete a business rule
  • Add New Business Flows

UI Features

Reference Data Setup

  • Onboard Bank/Participant
  • Maintain Contact
  • Maintain Test Template
  • Maintain Certification Criteria

Criteria Execution and view Transaction

  • Execute Certification Criteria
  • View Certification Criteria Execution Report
  • View Payment Transactions
  • View Payment Related Transactions
  • View SEN Messages
  • View Admin Messages
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Settlement

  • View Settlement Summary
  • Credit/Debit Settlement Account
  • Create Settlement Cycle Snapshot
  • View Settlement Cycle Snapshot

API

  • This interface is realised using Post Message API and Get Messages API.
  • This diagram illustrates the interface for bank/PSP system testing and certification. Similarly clearing house system testing and certification can be performed.

API Spec                  API Guide

Service Offerings

Subscription service

  • Ideal for functional and nonfunctional testing
  • Fee will be based on
    1. No of users
    2. No of transactions per day
  • Support – Working hours 09:00 to 18:00 (24/7 available on request)
  • Training – Online Training included (Onsite training available on request)
Onsite Consultancy services
  • Product/Requirement Management
  • Architecture and Design
  • Testing Services

On premise services

  • On premise/dedicated cloud service for Volume and Performance testing
  • Fee will be based on
    1. On-premise vs Dedicated Cloud cluster
    2. Number of transactions/Second
* Onsite and other Education/Training packages available on request.
* For customised packages email at contactus@bhumaitc.com

Support

Email

Get help from one of our experts.

contactus@bhumaitc.com

Phone
Toll-free support

US: +1(855) 464-7810
UK: +448081699807

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