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What is a payments hub?

A payments hub enables banks to consolidate different payments processes into a single central, standardised and co-ordinated platform, which lowers Total Cost of Ownership, and

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Cheque Truncation

What is cheque truncation?

Cheque truncation is: the stopping of the physical movement of the cheque instrument, lifting the image and financial information from it, and transmitting it electronically

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Why do banks need payment hubs?

The problem Even the most advanced financial institutions struggle with issues caused by legacy and disparate software systems. Invariably, these systems were developed many years ago,

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