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On-Us Payments
Rethinking inter-company bank transactions
On-Us processing is rich, highly efficient functionality that enables transactions within the same Bank (intra-company) or within a Banking Group (inter-company) to be made without pushing payments to the scheme.
Enhancing the essential
With our "On-Us" processing capability, Form3 is revolutionising the way transactions are handled. This functionality allows our customers to process inbound and outbound transactions that are intra-company or inter-company as "On-Us". The advantage is clear: drastically reduced scheme processing costs and expedited processing times if these payments currently go to scheme. If customers already have this functionality in-house then Form3’s solution provides scheme resemblance which improves e2e processes and supports customers simplifying their technology estates.
Why choose On-Us transactions?
01
Reduced scheme charges
Reduced scheme charges
No scheme charge for processing each On-Us transaction
02
Reduced regulatory charges
Reduced regulatory charges
Reduced regulatory charges which may be based on scheme volumes
03
Reduce peak flows
Reduce peak flows
Reduces peak flows into/out of central infrastructure - you can operate a lower TPS and On-Us transactions do not need to be throttled
04
Avoid scheme outages
Avoid scheme outages
Planned or unplanned scheme outages won’t impact On-Us payments and these transactions can still be processed
How it works
Provide reference data
The customer provides qualifying and exception market specific reference data which is then used to identify On-Us transactions.
Payment identification and routing
If the payment submission is identified as On-Us then its routed via the Form3 On-Us gateway which has scheme resemblance and transforms the payment into an admission which is then sent back to the customer via the Form3 API without ever needing to go to scheme.
Provide reference data
The customer provides qualifying and exception market specific reference data which is then used to identify On-Us transactions.
Payment identification and routing
If the payment submission is identified as On-Us then its routed via the Form3 On-Us gateway which has scheme resemblance and transforms the payment into an admission which is then sent back to the customer via the Form3 API without ever needing to go to scheme.
