Four parts of a connected payment process
Collections
Create invoices with consistent references, connect payment channels and issue receipts that identify the service being paid for.
Explore T-CAMSReconciliation & settlement
Match incoming payments to the right obligation, identify exceptions and follow the settlement record.
Follow a paymentValidation & approvals
Check eligibility and account details, assign approval steps and apply the rules agreed for the programme.
Explore cooperative paymentsReporting & integration
Bring transaction information into dashboards and exports, with APIs and webhooks connecting the systems involved.
Data and payment recordsStart with the process you need to improve
An institution may need to identify who has paid, reconcile payments across several accounts or prepare a batch of payments to members. The starting point is the service, the payment instruction and the team responsible for each decision.
Bring an example of the invoice, the approval process and the report your finance team uses. We can discuss the connection points, what needs to be checked and how an exception should reach the right person.
From first discussion to a defined project
- 01
Map the work
Describe the service, the payer, the receiving institution and the systems already in use.
- 02
Agree the rules
Set out references, approvals, settlement arrangements and the reporting each participant needs.
- 03
Plan the integration
Identify the required connections and the checks needed before users depend on them.
- 04
Set the operating arrangements
Define responsibilities for reporting, support and investigating payment exceptions.
Tell us what your team needs
Include your organisation, the payment process and the problem you want to solve. We will use those details to guide the first conversation.
Discuss a projectFurther reading
- CapitalPay payment services ↗CapitalPay International