Vortex
What is the benefit of Vortex?
Vortex has many customer benefits, but essentially the main one is the ability to enhance your STP rates on cross border payments, thereby reducing cost and enhancing processing efficiency and customer service levels.
It does this by allowing you to access the latest updates of Payments Reference Data - either CD, Online or via SaaS - to ensure that payment instructions are valid. Once you have this information you will reduce inaccuracies in payments traffic, which will minimise Exceptions and Investigations Management, reduce messaging costs and associated charge-backs and ensure that payments get routed faster and more accurately, thereby providing customers with better service.
Not only that, but because it is available on an annual subscription basis, there is no capital expenditure and it comes out of operating budget that will show a return on investment in less than three months.
Vortex also allows you to avoid the costs and risks associated with replacing legacy back office payments systems, allowing you to maximise your original investment for the greatest ROI possible.