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Payments Modernization

Create Frictionless Customer Experiences with PubSub+

Use PubSub+ to create an event mesh that will stream events across your ecosystem quickly, accurately, reliably, and securely.

In rolling out something fresh to market, like QR code payments, you need to marry the existing infrastructure to the new capabilities, and Solace sits nicely in the middle, linking the traditional payment world and the new world of mobile payments in a way that is transparent to users and merchants.”

NETS CIO

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Your Challenge: Processing transactions FAST with accuracy anytime anywhere.

A Payment transaction represents the most frequent touchpoints between a merchant or a bank and its customers. If the transaction comes with any friction, the customer walks away.

A Payments Modern Platform must do the following:

  • Support innovation of new applications and services that will help you retain and acquire customers
  • Support a high volume of transactions in the quickest response time with accuracy
  • Balance transaction authentication and authorization with fraud detection without decreasing customer satisfaction
  • Route events securely across the whole ecosystem with efficiency

Learn how NETS is transforming how payments are made throughout Singapore

Solace technology is helping NETS transform Singapore into a cashless economy

How to Modernize Your Payment Processing System for Agility and Performance

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The solution: Modernize your Platform with an Event Mesh powered by PubSub+

Build a new platform using Event-Driven Architecture with PubSub+

A Solace powered event mesh using a network of PubSub+ event brokers dynamically routes events across the payment ecosystem deployed on-premises, private cloud, and public cloud for faster and more efficient transaction completions. And PubSub+ Event Portal provides you with the tooling you need to govern the event mesh.

Technical Benefits

  • Leverage best of breed tech: Build applications FAST that leverage the best commercially available solution to each problem, whether that’s on-premises software or a cloud-native service
  • Get ready for open banking: Boost your open banking readiness by putting in place a protocol-agnostic and API-friendly data distribution infrastructure
  • Unlock legacy assets: Liberate data locked in legacy core banking systems running on the mainframe by letting them share data with modern applications and microservices
  • Simplify governance: Manage all of your data movement with a single pane of glass so you can more easily ensure that know-your-customer data (for example) only gets to systems authorized to deal with personally identifiable information

Business Benefits

  • Lower cost per transaction: Minimize your WAN costs by moving data to only destinations that want it and without needing to make constant changes as new applications or services are rolled out. Watch Video.
  • Make Payments Faster: Analyze the risk of transactions in real-time, and automate frequent decisions like approving or declining line-of-credit requests, payment plans on purchases, etc.
  • Share institutional knowledge: Unlock the institutional knowledge that makes your business special and put it to new use by making it more readily available for access and analysis
  • Streamline partnerships: Securely offer your products and value propositions through other businesses and payment providers without causing your IT headaches

Read the Solutions Brief

Why Solace?

Because PubSub+ uses “smart topics” with hierarchy definitions and wildcard filtering to give you the flexibility in application design that you need from a modern event-driven solution.

Watch the video to learn why this matters!

Why Solace? Watch video

Solace Powers Mobile Payments on Standard Chartered Bank Korea’s Digital Banking Platform


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Related Resources

View all Digital Payments Resources


Enabling Modern Digital Retail Banking with Event-Driven Architecture

Learn how retail banks can benefit from EDA - event-driven architecture - and what you need to know about selecting a platform to support your EDA adoption.

Download the Guide

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Here’s what’s in it for you:

  • The chance to ask a foremost expert on event-driven architecture, event streaming, and event management any questions you like, so you can walk into your next meeting armed with a decade’s worth of thought leadership and know-how.
  • The chance to share your ideas and challenges to get honest feedback and examples that might help you save time and money.
  • The chance that your specific challenges and our solutions were made for each other, and your sleepless nights are behind you.

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