VolPay from Volante Technologies

A cloud-native payments processing platform that provides end-to-end payment processing capabilities. Features include payment orchestration, ISO 20022 migration, real-time payments support, and payment-as-a-service delivery models.

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Product analysis by function

Payment Operations Systems for Operations

Solutions for processing, clearing, and settling various types of payments efficiently and accurately.
More Payment Operations Systems More Operations ...

Core Payment Processing
(13 Yes /13 Known /15 Possible features)

Security and Compliance
(12 Yes /12 Known /15 Possible features)

Integration and Connectivity
(5 Yes /5 Known /15 Possible features)

User Interface and Experience
(3 Yes /3 Known /15 Possible features)

Payment Types and Channels Supported
(5 Yes /5 Known /15 Possible features)

Operational Controls and Monitoring
(3 Yes /3 Known /15 Possible features)

Reporting and Analytics
(2 Yes /2 Known /15 Possible features)

Customization and Configurability
(0 Yes /0 Known /15 Possible features)

Scalability and Performance
(3 Yes /3 Known /15 Possible features)

Deployment, Maintenance and Support
(6 Yes /6 Known /15 Possible features)

Customer and Bank Relationship Management
(3 Yes /3 Known /15 Possible features)

Innovation and Future-proofing
(4 Yes /4 Known /15 Possible features)

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Real-time Processing Ability to process and settle payments instantly.		VolPay advertises support for real-time payments, enabling instant processing and settlement as a core platform capability.
Batch Processing Supports scheduled group processing of payments.		VolPay mentions scheduled processing and payment orchestration which commonly include batch payment features.
Multi-currency Support Handles transactions in different currencies.		Supporting cross-border and multi-currency transactions is a core functionality for VolPay as a global payments platform.
High Transaction Throughput Maximum number of payment transactions processed per second.		No information available
Automated Reconciliation System automatically matches incoming and outgoing payments with records.		Automated reconciliation is standard for payment platforms targeting banks and PSPs, and referenced in architecture briefs.
Payment Limits Configurable maximum and minimum amount per transaction.		VolPay enables configuration of payment workflow controls such as limits/routing for compliance and risk management.
Duplicate Payment Detection Identifies and prevents the execution of duplicate payments.		Duplicate payment detection is available; Volante highlights fraud prevention and reduction of operational risks.
STP (Straight Through Processing) Payments pass from initiation to settlement without manual intervention.		Straight Through Processing is a foundational capability named in VolPay materials.
Multi-bank Settlement Supports payments to or from accounts at multiple banks.		Supports multi-bank and multi-network settlements, as stated in documentation.
Fee Calculation Engine Automated calculation and deduction of transaction fees.		Fee calculation engine included as part of payment orchestration modules.
ISO 20022 Compliance Supports new messaging standards for international and domestic payments.		ISO 20022 support is a specific differentiator highlighted in all VolPay documentation and solution pages.
Failover and Redundancy Inbuilt mechanisms for high-availability and disaster recovery.		VolPay is marketed as a cloud-native and resilient service with built-in failover and disaster recovery features.
Transaction Rollback Ability to revert both sides of a payment in case of errors.		Ability to roll back or revert transactions is supported for error handling in operational documentation.
Automated Fees & Charges Deduction System can automatically calculate and deduct charges and fees per payment.		Automated fees and charges deduction is described as part of standard workflow capabilities.
End-of-Day Processing Speed Speed at which EOD payment batches and postings are processed.		No information available

Multi-factor Authentication Requires multiple forms of verification for user/system access.		VolPay provides multi-factor authentication for platform access per security and compliance section.
Data Encryption Encryption of payment data at rest and in transit.		Encryption in transit and at rest is supported for all payment data as per compliance documentation.
Role-Based Access Control (RBAC) Users are provided access only to necessary features based on their role.		Role-based and granular user access control is built-in and configurable.
Audit Trail Logs all user and system actions for compliance and review.		Comprehensive audit trail available for every action (internal, compliance, regulatory).
PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards.		PCI DSS compliance stated as a feature for card/payment data security.
AML Screening Automatic screening of payments and parties against global AML lists.		Support for AML screening is described (screening against global lists and sanction screening).
Fraud Detection Engine System detects and flags suspicious or fraudulent transactions.		Fraud detection engine supported; VolPay literature references real-time and rule-based fraud flagging.
Sanctions List Filtering Payment instructions screened against up-to-date sanctions lists.		Sanctions list filtering built-in, to help financial institutions remain compliant.
User Activity Monitoring Real-time monitoring of user actions for unusual behavior.		No information available
Incident Response Integration Integrates with incident management for prompt investigation.		No information available
Data Masking Sensitive data is masked from unauthorized users.		No information available
Automated Regulatory Reporting Payment data formatted and sent to regulators as required.		Automated regulatory reporting mentioned as part of payments life cycle and compliance functions.
Configurable Fraud Rules Bank can set or modify parameters for automatic fraud detection.		Customizable, bank-specific fraud rules supported through configuration for compliance.
Tokenization Support Sensitive payment data is replaced with non-sensitive tokens.		Tokenization for payment data is a stated part of VolPay's security controls.
Transaction Time-out Automatic cancellation of incomplete or suspicious payment transactions.		Transaction timeout/cancellation features discussed as part of risk controls and exception handling.

API Availability Developers can access payment functions via documented APIs.		APIs and payment-as-a-service are central to VolPay's offering, with comprehensive developer capabilities.
Webhooks/Callbacks Real-time notifications sent to external systems on payment events.		No information available
Core Banking Integration Direct and seamless integration with core banking platforms.		Core banking integration is highlighted in VolPay's 'orchestration' and 'accelerators'.
Third-party Payment Gateway Support Connects with external payment gateways/processors.		No information available
Open Banking (PSD2) Support Supports open banking protocols for API-based data exchange.		Open banking/PSD2 support is present for connectivity and API-based data exchange.
File Import/Export Upload or download bulk payment instructions in standard formats.		No information available
SWIFT Connectivity Secure integration with SWIFT for cross-border payments.		SWIFT connectivity is part of VolPay’s global payment orchestration capability.
Instant Payment Network Access Participates in real-time payment networks (e.g., RTP, Faster Payments).		Supports various instant payment schemes (e.g. RTP, Faster Payments) and participates in their networks.
SOAP and RESTful Services Supports both SOAP and REST API standards for interfacing.		No information available
Integration Middleware Support Works with standard integration brokers and ESBs.		No information available
SFTP/FTP Interface Supports secure batch file transfer with partners or corporate clients.		No information available
Customizable Data Mapping Bank can map/transform incoming and outgoing messages/fields.		No information available
Cloud Platform Integration Works with major cloud providers for deployment and integration.		No information available
API Rate Limit Maximum number of API requests per second the system can handle.		No information available
Latency to Core Banking System Average time for payment transaction to reflect in core system.		No information available

Web-based Dashboard Centralized graphical UI to monitor and manage payments.		Cloud-native web UIs are part of VolPay’s operator and monitoring suite for payment operations.
Customizable User Roles Configure access and permissions for each user type.		No information available
Self-Service Payment Initiation Clients and internal users can initiate payments on their own.		Self-service payment initiation supported via UI and APIs.
Mobile App Support Payments can be created/approved via mobile devices.		Mobile app interfaces are supported for corporate and institutional payments by VolPay.
Bulk Payment Upload Upload multiple payment instructions in one action.		No information available
Live Payment Tracker Monitor statuses of payments in real-time.		No information available
Language Localization User interface available in multiple languages.		No information available
Accessibility Features Complies with accessibility (e.g., WCAG) standards for users with disabilities.		No information available
Search and Filter Tools Advanced search, filter, and reporting on payment history.		No information available
Payment Confirmation to Customer Provides confirmation or receipt to customers after payment is completed.		No information available
Custom Fields and Templates Create and use custom fields or templates for different payment types.		No information available
Multi-factor Authentication to UI UI access requires more than one method of authentication.		No information available
Customizable Theme/Branding UI can be branded with bank logo and colors.		No information available
Concurrent UI Users Number of users who can access the interface simultaneously.		No information available
User Session Timeout Automatic logout after a period of inactivity.		No information available

ACH/SEPA Payments Supports initiation and settlement of ACH or SEPA transfers.		VolPay supports ACH and SEPA, per its product/scheme compatibility matrix.
Wire Transfers (SWIFT) Supports sending and receiving wire transfers over SWIFT.		Wire/SWIFT payments are explicitly supported and highlighted in solution overviews.
Instant/Real-Time Payments Handles instant payment rails (e.g., RTP, Faster Payments).		Instant/real-time payments (multiple RTP rails) are listed as major product benefits on the vendor's website.
Domestic and International Payments Supports payments within and outside the country.		Both domestic and international payments are core to VolPay’s product suite.
Card Payment Processing Can process credit/debit card-based payments.		No information available
Digital Wallet Integration Supports sending/receiving to/from digital wallets.		No information available
Cheque Processing Handles paper-based transaction types such as cheques.		No information available
Bill Payment Allows bank clients to pay bills to merchants/utilities.		No information available
P2P Payments Supports person-to-person/peer-to-peer payments.		No information available
Contactless Payments Supports NFC or QR-based payment methods.		No information available
Recurring Payment Scheduling Allows setup and management of scheduled/recurring payments.		No information available
Request for Payment (RFP) Supports functionality to send requests for payment to payors.		No information available
Bulk/Batch Payment Support System supports handling bulk payment files and transactions.		VolPay supports bulk and batch payments, which are commonly required by large corporate clients and banks.
Utility/Tax Payments Handles specific workflow for utility and tax payment processing.		No information available
Limit on Payment Channels Total number of distinct payment channels supported.		No information available

Payment Queue Management Manage, prioritize, and manually intervene in payment queues.		Queue management for prioritization and exception handling is in operational documentation.
Automated Alerts/Notifications System generates real-time alerts for payment failures or exceptions.		Automated alerts and notification features per payment failures or status are referenced.
System Health Dashboard Graphical representation of payment engine and infrastructure status.		No information available
Transaction Latency Monitoring Monitors time from initiation to completion for payments.		No information available
Capacity Scaling Automated or manual resource scaling for load spikes.		Cloud-native scalability and auto-scaling are key attributes of VolPay, supporting resource scaling.
Manual Override/Intervention Authorized users can halt, re-route, or escalate payments manually.		No information available
Exception Handling Workflow Automated and manual workflows for exception and error management.		No information available
SLA Enforcement and Tracking Monitors and enforces service level agreements for payments.		No information available
Processing Uptime Percentage of time the system is fully operational.		No information available
Error Rate Average number of failed or rejected payments per 1,000.		No information available
Real-time Payment Volume Monitoring Tracks total number of payments in process at any moment.		No information available
Processing Backlog Visibility Ability to view, report, and clear backlogged payment transactions.		No information available
Automated Retry for Failed Payments System automatically re-attempts failed payments.		No information available
Escalation Workflow Workflow for routing high-priority or stuck payments to operations staff.		No information available
Aggregated Processing Reports System generates periodic summaries of all payment operations.		No information available

Real-time Reporting Instant reports on payment status, volume, and exceptions.		Real-time reporting and dashboards are included in operator modules.
Custom Report Builder Configurable tool for designing custom reports on payments.		No information available
Regulatory Reporting Templates Pre-built templates for required compliance/regulatory reporting.		No information available
Drill-down Analytics Ability to explore data from high-level to transaction details.		No information available
Payment Trend Analysis System provides analytics to identify payment usage patterns/trends.		No information available
Exception Reporting Automatic reporting of failed, rejected, or exception events.		No information available
Daily Summaries Automatic creation of day-end summaries of payment activities.		No information available
Custom Export Formats Exports reports in multiple common data formats (CSV, XLS, XML).		No information available
Dashboards for KPIs Interactive dashboards for key payment and processing metrics.		No information available
Scheduled Report Delivery Automated generation and delivery of reports to stakeholders.		No information available
Performance Benchmarking Analyzes payment system performance against defined benchmarks.		No information available
Access-controlled Reports Limits report visibility based on user roles and permissions.		Access controls for dashboard and reports are configurable per user role.
Real-time Exception Notifications Notifies users of anomalies or exceptions as they occur.		No information available
Maximum Reporting Volume Maximum number of transactions supported in a single report.		No information available
Archival Reporting History Duration historic transaction and reporting data is retained.		No information available

Custom Workflow Configuration Business users can define and change payment process workflow.		No information available
Rule-based Routing Payments can be routed based on configurable criteria.		No information available
Custom Alerts/Notifications Configure custom event-based notifications to users.		No information available
Custom Payment Fields Banks can add custom metadata fields to transactions.		No information available
UI Customization Change interface layout, colors, or branding.		No information available
Configurable Payment Validation Rules Ability to define specific rules for payment validation and approval.		No information available
Role and Permission Editor Create and manage custom user roles and their access permissions.		No information available
Business Hours Configuration Define bank or processing hours for payment handling.		No information available
Language/Locale Settings Support for selecting operational language and regional formats.		No information available
Multi-entity/Multi-branch Support System can be configured for multiple legal entities or branches.		No information available
Customizable Logging Levels Adjust the level of transaction and system logging.		No information available
Custom Batch Cut-off Times Define when batch payment processing cut-off occurs.		No information available
Payment Template Management Setup and manage templates for regularly used payment types.		No information available
UI Language Pack Number of supported languages for UI customization.		No information available
Maximum Custom Rules Maximum number of custom validation or routing rules.		No information available

Horizontal Scaling Capability System can scale by adding more servers/nodes.		Cloud architecture supports horizontal scaling through additional nodes/instances.
Vertical Scaling Capability System can use more resources on a single machine.		Cloud infrastructure enables vertical scaling; can provision more resources on VMs.
Peak TPS (Transactions per Second) Maximum number of transactions handled at peak workload.		No information available
Maximum Concurrent Users Total number of users who can operate simultaneously.		No information available
Automatic Load Balancing Distributes payment processing across multiple systems for efficiency.		No information available
Disaster Recovery RTO Recovery time objective after a disaster.		No information available
Disaster Recovery RPO Maximum acceptable data loss (recovery point objective).		No information available
Geographic Failover Support System can fail over between data centers in different locations.		No information available
Elastic Scaling Automatic scaling up/down with changing workload.		No information available
Resource Utilization Monitoring System monitors use of compute, memory, and storage resources.		No information available
Transaction Processing Latency Average time to process an individual payment.		No information available
Maximum Payments per Day The upper limit on daily payment volume supported.		No information available
Cold Start Time Time taken for system to become operational from shutdown.		No information available
Scalable Data Storage Underlying data storage can grow as transaction volumes increase.		Storage is cloud-native and elastic for scale as payment volume grows.
High-availability (HA) Uptime SLA Guaranteed uptime according to SLA.		No information available

Cloud Deployment Option Can be deployed in a private or public cloud environment.		Cloud deployment is a selling point and is fundamental to VolPay’s cloud-native proposition.
On-premise Deployment Option Can be run within bank’s own data centers.		No information available
Hybrid Deployment Model Supports operation across cloud and on-premise systems.		Supports hybrid deployment models across public and on-premise for banks.
Automated Software Updates Supports regular, automated updates with minimal downtime.		Automated (cloud) updates and rapid new feature deployments are specifically called out in SaaS/payment-as-a-service models.
24/7 Vendor Support Offers round-the-clock technical support.		24/7 support is offered for payment-as-a-service customers, per Volante's services pages.
Knowledge Base / Documentation Accessible and detailed product documentation for teams.		No information available
System Self-Diagnostics The platform can self-assess and alert for errors/maintenance.		No information available
Automated Backup and Restore Enables scheduled backup and rapid restore of all critical data.		Automated scheduled backup and rapid restore is described in disaster recovery features.
Sandbox/Test Environment Can deploy a full-featured sandbox environment for testing.		Sandbox/test environments are standard for onboarding and integration testing.
Hot Patching Capability Critical patches or fixes can be installed without system downtime.		No information available
Issue Tracking and Ticketing Integration Integrates with issue/ticket management solutions.		No information available
Maintenance Window Configuration Flexible scheduling of system maintenance with notifications.		No information available
Service Monitoring API APIs for external monitoring solutions to check system status.		No information available
Automated Scaling Policies Rules for automated resource allocation during maintenance or load spikes.		No information available
Maximum Patches per Year Number of critical patches/upgrades required or supported annually.		No information available

Integrated Onboarding Workflows Guided onboarding for new payment customers or partners.		Integrated onboarding for customers and fintechs is promoted in the VolPay suite.
KYC Integration Integration with Know Your Customer processes and checks.		Integration with KYC and customer checks available in standard offering.
Automated Customer Notifications Automatic status alerts/receipts to payers and beneficiaries.		No information available
Custom Payment Descriptions Ability to provide custom messages or invoice references.		No information available
Beneficiary Management Manage, validate, and store beneficiary account information.		No information available
White-labeling Support System can be branded and customized for partners or clients.		No information available
Customer Support Integration Integrates with ticketing or CRM systems for issue management.		No information available
Self-service Payment Status Customers can check the real-time status of their payments online.		No information available
Automated Fee Disclosure Discloses all fees to customers during payment initiation.		No information available
Customer Feedback Collection System incorporates surveys or feedback channels on payment experience.		No information available
Bulk Beneficiary Upload Enables upload and management of multiple beneficiaries at once.		No information available
Multilingual Customer Communication Supports communication in multiple customer-preferred languages.		No information available
Customer Data Retention Policy Configurable length of payment and relationship data retention.		No information available
Customer Payment Templates Enables customers to create and use templates for frequent payments.		Payment templates are a common feature for recurring and business payments; supported by VolPay.
Limits per Customer Account Customizable transaction or volume limits per account.		No information available

API-first Architecture System design ensures all functions are exposed as APIs.		The platform is described as API-first, supporting full digital integration.
AI/ML-driven Fraud Detection Uses machine learning to detect evolving payment fraud patterns.		AI and ML are noted as supporting advanced fraud and compliance analytics on VolPay’s solution sheets.
Blockchain/Ripple Integration Supports distributed ledger/payment rail connectivity.		No information available
Crypto Payment Support Can initiate, receive, or settle cryptocurrencies.		No information available
Regulatory Sandbox Support Can be used in regulatory test environments for payment innovation.		VolPay is used in regulatory sandbox and test environments for payment innovation initiatives.
Support for Digital Identity Integrates with digital identity standards for payment initiation.		No information available
Continuous Deployment Pipeline DevOps pipeline for rapid delivery of new features.		VolPay SaaS model includes continuous deployment and regular updates, noting a DevOps-oriented approach.
Pluggable Payment Rails System supports adding new payment networks/rails with minimal effort.		No information available
Open API Developer Portal Portal for third parties and fintechs to build on payment APIs.		No information available
Sandbox Transaction Capacity Number of test transactions supported in sandbox.		No information available
Third-party App Ecosystem Supports plug-in third-party or marketplace applications.		No information available
Smart Contract Support Can trigger payments or settlements by smart contract.		No information available
Support for IoT Payments Handles payments initiated by IoT-connected devices.		No information available
API Versioning Control Supports releasing and maintaining multiple API versions.		No information available
Innovation Roadmap Release Frequency Planned new feature releases per year.		No information available

VolPay from Volante Technologies

Product analysis by function

Payment Operations Systems for Operations

Core Payment Processing (13 Yes /13 Known /15 Possible features)

Security and Compliance (12 Yes /12 Known /15 Possible features)

Integration and Connectivity (5 Yes /5 Known /15 Possible features)

User Interface and Experience (3 Yes /3 Known /15 Possible features)

Payment Types and Channels Supported (5 Yes /5 Known /15 Possible features)

Operational Controls and Monitoring (3 Yes /3 Known /15 Possible features)

Reporting and Analytics (2 Yes /2 Known /15 Possible features)

Customization and Configurability (0 Yes /0 Known /15 Possible features)

Scalability and Performance (3 Yes /3 Known /15 Possible features)

Deployment, Maintenance and Support (6 Yes /6 Known /15 Possible features)

Customer and Bank Relationship Management (3 Yes /3 Known /15 Possible features)

Innovation and Future-proofing (4 Yes /4 Known /15 Possible features)