TRAVIC-Payment Hub

Processing large-sum payments and urgent payments sustainably and comfortably

Financial institutions are facing the challenge that the exchange of information between the different market participants is being comprehensively harmonised. Following mass payments and TARGET2 securities, the migration from TARGET2 and EBA Euro1/Step1 to the ISO-20022 standard is now pending.

The PPI clearing solution for individual payments is based on the new TRAVIC-Payment Hub and offers you a connection to TARGET2, and soon also EBA Euro1/Step1as well as foreign payments via correspondents as of next year.

The clearing solution is designed as a hub and offers standardised processes for payments from all channels (own customers, clearing systems or correspondents) without a necessary differentiation between input, output and forwarding of a payment. Additionally, flexible implementation scenarios allow it to be used as a pure clearing bank for connecting other institutions or as a complete payments solution.

The TRAVIC-Payment hub is based on the ISO-20022 format and is therefore optimally prepared for the challenges of the TARGET2 MX migration.

The application’s focus is on a high STP throughput rate.

  • Automatic receipt allocation ACK/NAK, MT012/MT019
  • Rule-based account assignment
  • TARGET2 return processing
  • Automated configurable connection of all relevant interfaces
  • Bridge to the SEPA mass payment system
    • Acceptance of urgent orders from the SEPA clearing bank
    • Submission of SEPA-capable orders to the SEPA clearing bank

But the product scope also includes intuitively usable exception handling, such as correction or account assignment, or manual intervention options in automatic processes such as matching, balance disposal checking or sending. We would like to highlight:

    • Teamwork support via routing slips and the pausing of payments
    • Individual start page with the user-specific display of current to-dos
    • Mass changes via multiple selection
    • Linking of all operations to one transaction
    • Excel and CSV export functions from all overviews and detailed windows

The foreign payments extension adds:

    • Complex route control – the Payment Navigator
    • Generation and matching of cover messages
    • Support of payment notification matching and late payment service
    • Comprehensive conditions for correspondents and customers
      • Individually configured customer products
      • Fees
      • Settlement modalities
      • Cut-off & value date rules
    • Notification & forwarding rules
    • Exchange rate addition with variable workflows


Bernhard Walter


Bernhard Walter
Sales Manager

+49 40 227433-1731

Product flyer