Coreconnect
CoreConnect provides quick access to the EU, UK and USA direct clearing houses through direct connectivity.
Your Gateway to Global Payment Infrastructure
CoreConnect
CoreConnect also exchanges data with your existing system or Core Banking via RESTful API and converts it to ISO 20022 XMLs. Our dynamic technology enables the processing of all SEPA messages required to pass CENTROlink acceptance testing.
Access the world's leading clearing houses
US ACH Network
Access the core ACH network in the United States.
Support credits, debits and account-to-account payments.
Ideal for payroll, bill payments and bulk disbursements.
UK Bacs
Connect to the UK’s trusted Bacs clearing system.
Support Direct Credit and Direct Debit processing.
Commonly used for salaries, supplier payments and collections.
EU SEPA / STEP2
Access pan-European euro clearing across SEPA.
Support SEPA Credit Transfers and Direct Debits.
Enable standardised euro payments using ISO 20022.
Unified Access to SEPA Payment Schemes
SEPA CREDIT (SEPA SCT)
The SCT scheme is an inter-bank payment scheme defining a common set of rules and standard procedures for credit transfers in euro. The SCT scheme ensures customers can make electronic payments to any customer located anywhere in the SEPA zone using a single bank account (IBAN) and a uniform set of standards, rules and conditions.
SEPA INSTANT CREDIT (SEPA SCT INST)
Our Consultants deliver extended industry knowledge, best practices and skills required to define business cases and analyse functional requirements, ensuring a technical solution is aligned to corporate and IT strategies, supporting the client’s efficiency, growth of operations and profitability.
SEPA DIRECT DEBIT
SEPA Direct Debit (SDD) is a payment method that allows you to debit the invoice amount directly from the consumer’s bank account. This is done through a Pre-authorized mandate given by the consumer. It offers consumers an easy and hassle free payment method while providing them with protection against Unauthorized debiting.
Automated SEPA Compliance & Settlement
An efficient payment management solution enabling participation in SEPA payment schemes, with clearing and settlement via the Bank of Lithuania, using standards-compliant messaging.
Data Validation & Compliance
Data validation tools to verify BIC and IBAN
SEPA SCT, SEPA Inst Payments Scheme Compliant
CoreConnect active 99.95% of 24/7/365 (subject to hosting and environment)
Payment message signing via HSM
Payment Processing
Unlimited payments in euros via SEPA SCT and SEPA Inst
Sending and receiving payment messages
Error detection and reporting
Security & Operations
Secure and SEPA-compliant file conversion, formation and enrichment
Fully automated payment processing with IBAN and BIC
Secure cloud-based solution with backup and disaster recovery
Beneficiary financial institution determination based on beneficiary IBAN
Integration & Licensing
SEPA Inst payments with registered participants of the SEPA Inst scheme
SEPA SCT payments with registered participants of the SEPA SCT scheme
Validation of request signatures in communications from the Licensee to the Company’s CoreConnect
Monthly licensing module reporting transaction quantities
HSM Solution Main Functions
Signing XML messages (XAdES basic standard) in POST request with XML content
Receiving POST requests, verifying signatures, preparing response messages, and signing responses
POST request with XML content
Establishing a secure tunnel with the Bank of Lithuania