-Nakul joshi

Agenda
Overview
Encryption Mechanism
Routing feature
Benefits of solution
Solution Entities & relations
Overview
 Process Flow
Concurrent
Payment Saved In Payment Approval
Program generates
Oracle Engine Process
.csv File
Payment sent
to bank
Acknowledgement
/Negative Payment File Bank
Acknowledgement Validation Environment
Report from bank

Actual Payment End of the day View Payment

Process In central Status Report Report in Oracle
bank
Payment Approval Engine
Oracle does not provide the approval process for
payments.
All approval process is manual
Proposed solution replaces manual processes
Custom Approval workflow process can be configured
as per clients requirement
Payment processes can be tracked accurately
Payment Approval Engine Process
Approval engine triggers when payment is saved in
oracle
An approve/reject notification is sent to the approvers
Subsequent FYI notifications are sent to approval
engine participants
Payments can be approved rejected at any level
File Generation
After the approval of payments, a concurrent program
generates the specific file.
Concurrent program checks for data validations and
generates file in system.
File contains payment standards as specified by central
bank.
Validation process avoid false data entry into bank
system.
File Transfer to bank
File is transferred to bank using SFTP protocol
SFTP(Simple File Transfer Protocol) is the most secure
file transfer activity and is highly followed in transfer
mechanism
File is transferred as an encrypted file
Encryption typically is of PGP(Pretty Good Privacy)
Protocol
PGP is an OS level protocol and is suggested by most
of the banks
Payment File Validation
Bank receives the file through SFTP
Bank performs initial validations as per norms
mentioned by central bank
If payments passes through validations then an
acknowledgement file is sent to oracle within half
hour.
If payments fail the validation then a negative
acknowledgement is sent accordingly
End of the day Report
Payment is then sent to central bank after initial
validation
An end of the day status report is sent back to oracle
after payment processing hours
The report contains detail analysis of the payment
including the current processing status, amount
transferred, beneficiary details etc.
Process compeletes.
Beauty of H2H process
No manual Intervention.
Fully automated system.
High level security standards.
Reduction in paper work.
Better tracking of payments.
Most important, very quick payments with sound
accuracy.