-Nakul joshi

Agenda
Overview
Encryption Mechanism Routing feature

Benefits of solution

Solution Entities & relations

Overview

Process Flow
Payment Saved In Oracle Payment Approval Engine Process
Concurrent Program generates .csv File Payment sent to bank Bank Environment

Acknowledgement /Negative Acknowledgement Report from bank

Payment File Validation

Actual Payment Process In central bank

End of the day Status Report

View Payment Report in Oracle

Payment Approval Engine

Oracle does not provide the approval process for

payments. All approval process is manual Proposed solution replaces manual processes Custom Approval workflow process can be configured as per clients requirement Payment processes can be tracked accurately

Payment Approval Engine Process

Approval engine triggers when payment is saved in

oracle An approve/reject notification is sent to the approvers Subsequent FYI notifications are sent to approval engine participants Payments can be approved rejected at any level

File Generation
After the approval of payments, a concurrent program

generates the specific file. Concurrent program checks for data validations and generates file in system. File contains payment standards as specified by central bank. Validation process avoid false data entry into bank system.

File Transfer to bank

File is transferred to bank using SFTP protocol
SFTP(Simple File Transfer Protocol) is the most secure

file transfer activity and is highly followed in transfer mechanism File is transferred as an encrypted file Encryption typically is of PGP(Pretty Good Privacy) Protocol PGP is an OS level protocol and is suggested by most of the banks

Payment File Validation

Bank receives the file through SFTP
Bank performs initial validations as per norms

mentioned by central bank If payments passes through validations then an acknowledgement file is sent to oracle within half hour. If payments fail the validation then a negative acknowledgement is sent accordingly

End of the day Report

Payment is then sent to central bank after initial

validation An end of the day status report is sent back to oracle after payment processing hours The report contains detail analysis of the payment including the current processing status, amount transferred, beneficiary details etc. Process compeletes.

Beauty of H2H process

No manual Intervention.
Fully automated system. High level security standards.

Reduction in paper work.

Better tracking of payments. Most important, very quick payments with sound

accuracy.