With the TRAVIC-Payment Hub, PPI AG offers you the latest solution for the core processing of European payments. Following the Euro large-value procedures, the integrated solution for cross-border payments is about to be completed. It goes without saying that this solution also takes into account the requirements of SWIFT gpi such as the universal confirmation, which will be mandatory for all banks from November 2020.
The clearing solution is designed as a hub that implements uniform processes for all relevant payment channels (own customers, clearing systems or correspondents) – without neglecting the necessary differentiation of incoming and outgoing payments and forwarding.
Flexible application scenarios allow the use of the TRAVIC-Payment Hub either as a complete payment system or "only" as a clearing bank for the connection of existing customer bank systems or third-party banks.
Ready for CBPR+
November 2022 will see the introduction of the new cross-border payments ISO standard 20022 CBPR+. TRAVIC-Payment Hub in its 4.0 version will already be geared for CBPR+ as of January 2022. SWIFT has tested the functionality and officially confirmed the CBPR+ readiness for PPI AG. The current version – TRAVIC-Payment Hub V3.1 – already fully supports TARGET2 MX.