Dion’s new solution, RTPE, will allow banks to comply with the regulatory directive and also meet increasing demands of their customers. RTPE is a modular payment hub that will support processing of real time payments and will help banks to become compliant with new European regulation, European Payment Services Directive, which becomes effective in 2018. A multi-channel solution, RTPE will allow banks to connect to their customers easily via corporate banking, internet banking, mobile banking, or branch banking; allowing banks to provide better and more efficient services to their customers. The solution supports ISO20022 based “Common Global Implementation-Market Praxis” (CGI-MP) standard for customer connectivity.

Developed on Dion’s SEPA Gateway solution platform, RTPE’s architecture provides a 24x7 availability that supports existing SEPA workflows along with foreign currency and domestic payments as well.

Andreas Wagner, Chief Technology Officer, Dion Global Solutions says, “The PSD2 directive requires banks to rework the payment processing cycle and implement a far more efficient and quicker method. Using Dion´s messaging technology X-Gen, our RTPE application is a real time payment hub that will support banks to comply with the upcoming payment initiatives. We provide a cost efficient solution as it embeds into the existing application and process landscape. Due to its modularity customers can select only what they really need to improve process efficiency.”