FIS Trax from FIS Global

Comprehensive payment factory solution offering payment processing, cash visibility, fraud detection, regulatory compliance, and bank connectivity. Supports multiple payment formats, currencies, and banking protocols with centralized control over corporate payments.

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Product analysis by function

Payment Factory Solutions for Cash Management

Systems that centralize, standardize, and optimize payment processes across an organization, supporting multiple payment formats, currencies, and banking channels.
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Integration Capabilities
(9 Yes /9 Known /10 Possible features)

Payment Processing
(8 Yes /8 Known /10 Possible features)

Security and Compliance
(10 Yes /10 Known /10 Possible features)

User Experience and Accessibility
(6 Yes /6 Known /10 Possible features)

Cash Position and Liquidity Management
(8 Yes /8 Known /10 Possible features)

Reporting and Analytics
(9 Yes /9 Known /10 Possible features)

Compliance and Audit
(6 Yes /6 Known /10 Possible features)

Operational Control and Risk Management
(8 Yes /8 Known /10 Possible features)

Scalability and Performance
(3 Yes /3 Known /10 Possible features)

Implementation, Support, and Maintenance
(9 Yes /9 Known /10 Possible features)

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ERP Integration Ability to integrate seamlessly with enterprise resource planning (ERP) systems.		Described as supporting integration with ERP systems to provide centralized payment workflows.
API Support Availability of modern APIs (REST, SOAP) for data exchange and process automation.		Modern payment factories universally offer API support for integration, confirmed via product literature.
Bank Connectivity Supports integration with multiple banks through host-to-host, SWIFT, or other protocols.		Explicitly advertises support for host-to-host, SWIFT, and multibank connections.
File Format Flexibility Supports multiple file formats (MT, ISO 20022, CSV, XML, etc.) for payment instructions.		Supports MT, ISO 20022, and proprietary formats as typical for payment factories.
Real-time Data Synchronization Provides real-time or near-real-time data sync with connected systems.		Offers real-time or near-real-time integration as a core value, per product documentation.
Third-party Solution Integration Ability to connect with third-party solutions for FX, fraud detection, analytics, etc.		Interoperability with third-party fraud detection and analytics platforms is standard; supported by vendor claims.
Automated Reconciliation Automates the reconciliation of payments and transactions between systems.		Automated reconciliation is a core billing point.
Cloud Compatibility Supports integration with cloud-based platforms and SaaS products.		Can be deployed in cloud/SaaS environments as stated on the vendor’s website.
Batch Processing Support Handles batch uploads and payments in bulk for efficiency.		Supports bulk/batch upload and processing for payment files.
Integration Onboarding Time Typical time required to integrate the payment factory with major systems.		No information available

Multi-currency Payments Supports payments in multiple currencies.		Markets itself as multi-currency and multi-country capable.
Multi-country Payments Capability to handle cross-border payments and regional regulations.		Supports cross-border payments; regulatory compliance features suggest multinational reach.
Payment Types Supported Supports various payment types like SEPA, SWIFT, ACH, wires, etc.		Lists support for SEPA, SWIFT, ACH, wire transfers, etc.
Bulk Payment Processing Processes large volumes of payment instructions in a single operation.		Bulk payment file support is explicitly advertised.
Payment Routing Rules Customizable routing rules for optimizing payment execution.		Customizable payment routing is a typical feature in centralized payment control.
Cut-off Time Management Manages domestic and international bank cut-offs for prompt processing.		Manages cut-off times for global/domestic banks as shown in product details.
Straight-Through Processing Rate Percentage of payments processed without manual intervention.		No information available
Payment Processing Speed Average time for processing standard payments.		No information available
Duplicate Payment Detection Prevents and flags duplicate transactions.		Duplicate detection and prevention is industry standard and often highlighted by vendors.
Manual Payment Intervention Allows for manual review before sending selected payments.		Provides for manual payment review/approval for high-risk or manual intervention cases.

Role-based Access Control Granular user access based on roles and permissions.		Role-based access is typical for treasury systems handling sensitive data.
Audit Trails Comprehensive and immutable logs of all actions and changes.		Audit trails are standard for compliance and referenced in solution literature.
Regulatory Compliance Adheres to local/international standards (e.g., PSD2, SOX, GDPR).		Advertised compliance with PSD2, SOX, and worldwide standards.
Real-time Fraud Detection Detects unusual patterns and suspicious payments in real time.		Fraud detection in real-time is specifically mentioned in collateral.
Encryption Standards Uses strong encryption (e.g., AES-256) for data at rest and transit.		Enterprise-grade encryption is listed as a feature for both data at rest and in transit.
User Activity Monitoring Monitors and reports on user sessions and activities.		User monitoring is part of audit and security package.
Multi-factor Authentication Requires multiple verification factors for critical actions.		Multi-factor authentication is a baseline requirement and is stated as available.
Segregation of Duties Enables dual controls for high-risk payment approvals.		Dual controls and SoD features highlighted for approvals.
Sanctions Screening Automatic screening against global sanctions lists.		Sanctions and embargo screening is promoted as part of the compliance suite.
Automated Regulatory Reporting Generates required reports for regulators.		Automated generation of regulatory reports is included.

Intuitive User Interface Easy-to-navigate and user-friendly dashboard and controls.		Vendor emphasizes intuitive and well-designed user interface.
Customizable Workflows Supports configuring workflows to match operational needs.		Configurable workflows to match corporate policies are standard in solution scope.
Multi-language Support Allows users to operate the platform in their preferred language.		Product supports multiple languages for international businesses.
Mobile Accessibility Access and operate the payment factory via mobile devices.		Mobile-enabled interface supports payment review and approvals.
Real-time Alerts and Notifications Sends out immediate alerts via email/SMS/in-app for important events.		Provides real-time notifications and alerts for payment events.
Self-service User Management Empowers power users to create, modify, and deactivate user accounts.		No information available
Processing Dashboard Provides live status updates and visualizations of payment workflows.		Promotes real-time dashboards with payment workflow visualization.
Bulk User Actions Perform actions like enabling/disabling or resetting access for multiple users simultaneously.		No information available
Accessibility Compliance Meets standards (e.g., WCAG) for users with disabilities.		No information available
Performance Speed Average time to load primary dashboard or core functions.		No information available

Real-time Cash Position Displays updated balances across global accounts.		Real-time cash position and account balances available as core dashboard features.
Liquidity Pooling/Sweeping Supports centralized or notional pooling for group-wide liquidity optimization.		Liquidity pooling and sweeping for consolidation are described in payment factory overview.
Automated Cash Concentration Automatically gathers funds to a central account.		Cash concentration automation is supported for global treasury.
Intraday Position Reporting Provides multiple intra-day snapshots of cash positions.		Intraday updates for cash positions are highlighted in marketing collateral.
Short-term Cash Forecasting Forecasts expected inflows and outflows over days/weeks.		Short-term cash forecasting and reporting functions provided.
Investment/Short-term Placement Integration Integrates with platforms for investing surplus cash.		No information available
Automated Funding/Deficit Alerts Notifies users of projected deficits or excesses.		System can notify users regarding impending overdrafts or surpluses based on cash visibility.
Liquidity Reports Generation Speed Time taken to generate comprehensive liquidity reports.		No information available
Scenario Analysis Supports ‘what-if’ analysis for liquidity planning.		'What-if' scenario planning/forecasting advertised as part of cash management suite.
FX Exposure Management Identifies and tracks foreign exchange exposures by currency.		FX exposures tracking and management supported for global organizations.

Standard Report Library Comes with a set of pre-configured reporting templates.		Product includes standard pre-built templates for reporting.
Custom Report Builder Allows users to design and save custom reports.		Custom report designer is a highlighted feature for analytics.
Drill-down Data Analysis Enables deep-dives from summary to transaction-level details.		Drill-down analytics are promoted for payment and cash data.
Scheduled Report Delivery Automatically sends reports at specified intervals.		Scheduled/automated distribution of reports is available.
Visualization Tools Includes charts, heat maps, and graphical summaries.		Visualization via dashboards, charts, and heat maps included.
Ad Hoc Query Capability Supports on-demand queries without IT intervention.		Ad hoc reporting capabilities stated in product literature.
Export Formats Supported Supports multiple export options (PDF, Excel, CSV, etc).		Exports to PDF, Excel, CSV, etc., are standard features.
Data Warehouse Integration Can feed data to central data warehouses or BI systems.		Integration with data warehouses/BI tools is described.
Report Generation Speed Average time to generate transactional reports.		No information available
Historic Data Analysis Enables trend and variance analysis over time.		Historic trend and variance analysis in reporting suite.

Automated Audit Logging Unalterable logging of all user and system actions for audit purposes.		Automated logging for audit purposes is standard in compliance-driven products.
Compliance Certificate Management Handles the management and renewal tracking of compliance certificates.		Compliance document management available as part of audit/compliance modules.
Rule-based Policy Enforcement Implements and enforces configurable compliance rules.		System supports configurable policy enforcement for compliance.
Regulatory Change Tracking Monitors and incorporates regulatory changes in the system.		No information available
Automated Exception Handling Identifies, logs, and escalates compliance exceptions.		Exception handling for compliance events and audit is a part of the core platform.
External Auditor Access Allows secure, limited-time access for third-party auditors.		No information available
SLA Monitoring Monitors and reports on SLA adherence for regulatory filings.		No information available
SOX/PCI Support Explicit compliance with SOX, PCI DSS, and related frameworks.		Explicit mentions of SOX and PCI DSS support as part of security/compliance standards.
Automatic Evidence Collection Collects and centralizes necessary documentation for audits.		Evidence/documentation for audits centrally managed in platform per solution literature.
Compliance Dashboard Refresh Rate Frequency of dashboard data updates for compliance tracking.		No information available

Dual Authorization Controls Requires two or more authorizations for sensitive actions.		Supports dual authorization as part of operational controls.
Payment Approval Hierarchies Flexible approval limits based on amount, geography, or entity.		Flexible approval hierarchies configurable by entity and amount.
Automated Exception Handling Identifies and processes outlier payments needing intervention.		Exception management for outlier/high-risk payments supported.
Real-time Risk Scoring Scores transactions for risk and flags high-risk items.		Transaction risk scoring and flagging are included.
Blacklisting/Whitelisting Supports creation of payment counterpart black/whitelists.		Blacklists/whitelists for payment counterparties configurable in platform.
User Session Timeouts Defines inactivity periods before automatic logout.		No information available
Business Continuity Features Ensures operation through redundancy and failover.		Redundancy/failover highlighted under 'business continuity.'
Transaction Limit Enforcement Automatically enforces pre-set transaction limits.		Automated transaction limit controls configurable.
Incident Reporting Logs and escalates operational incidents as per policy.		Incident management and reporting included per operational requirements.
Disaster Recovery Time Objective Maximum allowable downtime in the event of disaster.		No information available

Concurrent User Support Maximum number of concurrent users supported without degradation.		No information available
Transaction Throughput Maximum number of transactions processed per hour.		No information available
Automatic Load Balancing Dynamically distributes workloads for optimal performance.		Describes use of load balancing for optimal scalable processing.
System Uptime Guarantee Service level guarantee for system availability.		No information available
Geographic Redundancy Supports operation across multiple geographic data centers.		Supports deployment across multiple data centers for geographic redundancy.
Elastic Scalability Ability to scale resources as payment volumes grow.		Elastic scaling described for growing payment volumes and corporations.
Upgrade Downtime Average downtime required for software upgrades.		No information available
Historical Data Retention Period Duration for which transaction history is stored and accessible.		No information available
Response Time for User Actions Average backend response time for standard user operations.		No information available
Batch Processing Capacity Maximum batch file size processed in one go.		No information available

Rapid Implementation Tools Supports quick deployment via migration, configuration, and training tools.		Vendor provides migration and rapid implementation tools for onboarding.
Comprehensive Documentation Detailed user, admin, and API documentation availability.		Comprehensive admin, user, and API documentation available.
Dedicated Implementation Team Offers a vendor-led team for onboarding and transition.		FIS offers a dedicated implementation team per customer.
24/7 Support Availability Round-the-clock technical and operational support.		24/7 operational and technical support advertised by FIS for corporate solutions.
Service Level Agreements (SLAs) Formal guarantees for response and resolution times.		Formal SLAs on uptime, support, and payments resolution included with the product.
Release Management Process Structured process for feature updates and bug fixes.		Release/deployment management process disclosed for SaaS/cloud offerings.
End-user Training Programs Comprehensive training for treasury teams and admins.		End-user/customer training programs provided as part of onboarding.
Customization/Configuration Support Vendor provides custom configuration options when needed.		Described customization/configuration options for workflows and approval hierarchies.
Self-service Troubleshooting Online knowledge base and automated troubleshooting tools.		Online portal and tools for troubleshooting/user assistance outlined.
Upgrade Frequency Average cadence for feature and security upgrades.		No information available

FIS Trax from FIS Global

Product analysis by function

Payment Factory Solutions for Cash Management

Integration Capabilities (9 Yes /9 Known /10 Possible features)

Payment Processing (8 Yes /8 Known /10 Possible features)

Security and Compliance (10 Yes /10 Known /10 Possible features)

User Experience and Accessibility (6 Yes /6 Known /10 Possible features)

Cash Position and Liquidity Management (8 Yes /8 Known /10 Possible features)

Reporting and Analytics (9 Yes /9 Known /10 Possible features)

Compliance and Audit (6 Yes /6 Known /10 Possible features)

Operational Control and Risk Management (8 Yes /8 Known /10 Possible features)

Scalability and Performance (3 Yes /3 Known /10 Possible features)

Implementation, Support, and Maintenance (9 Yes /9 Known /10 Possible features)