Mercury is a product designed to seamlessly transition banks and enterprises from batch file DE payments to NPP payment rails using ISO20022 messaging standards. By adopting Mercury, organisations can overcome the challenges posed by slow payment processes and legacy infrastructure and begin to embrace PayTo.
The Mercury API product enables banks and enterprise clients to effortlessly upload traditional .aba files either manually through the business-facing portal or via API. These files are then processed as ISO20022 format and NPP transactions, and an 'expected' .aba response format is generated.
Mercury removes the reliance on third party software to enable the transition to ISO20022 standards and enables businesses to begin, or continue, processing payments using real-time payment rails.
With the implementation of the API, the day-to-day change management for staff working across these platforms will require minimal to no adjustments. However, clients will experience a significant transformation in their payment speed, leading to faster and more efficient transactions.
By incorporating NPP payment capabilities, we deliver faster and seamless payment experiences, significantly improving customer satisfaction and fostering loyalty.
Mercury removes the reliance on third party software to enable the transition to ISO20022 standards and enables businesses to begin, or continue, processing payments using NPP payment rails.
With the implementation of the API, the day-to-day change management for staff working across these platforms will require minimal to no adjustments. However, clients will experience a significant transformation in their payment speed, leading to faster and more efficient transactions.
NPP payments unlock new revenue streams and enable the development of innovative payment services, empowering you to capitalize on increased revenue opportunities.
Our Mercury solution offers a plug-and-play solution, facilitating quick and straightforward implementation for banks and enterprise. This streamlined process minimizes disruption and enables faster adoption of advanced payment processing capabilities.
Contact us to discuss MercuryDirect Entry (DE) have been used for many years and though still relevant, there are distinct advantages in moving away from batch-based payments and towards single, real-time processing leveraging the message standard of ISO20022.
Institutional desire to leverage the systemic benefits of single payment over batch processing and access richer and more flexible transaction data. Alongside this shift, global messaging standards are being enhanced to improve global connectivity and speed.
The introduction of ISO20022 messaging standards reinforces the need for banks and enterprises to transition from DE payments to NPP payment rails, emphasising the importance of embracing this change.
Mercury allows banks to easily introduce ISO20022 messaging standards and support their clients' transition from DE payments to NPP payment rails.
We understand the importance of providing secure solutions for our Paypa Plane clients. Security and compliance are crucial to Paypa Plane, and we offer a range of strategies to maintain our robust security measures.
To read more about our security and compliance measures, please visit our security and compliance webpage.
Named after the groundbreaking Project Mercury, our product name Mercury pays tribute to the first human spaceflight mission in the United States.
While Project Mercury is well-known, there is a lesser-known group called Mercury 13, comprising 13 remarkable women who underwent the same rigorous psychological testing as their male counterparts but were never given the opportunity to fly.
By choosing the name Mercury, we honour these courageous groups who played pivotal roles in shaping the future of space travel and inspired us to embrace change.
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Paypa Plane USA inc registered in New York (6805472). Paypa Plane Australia (ABN 96 613 002 430) is a company registered in Australia.
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We at Paypa Plane acknowledge the Turrbal and Jagera peoples who are the traditional custodians of the Australian lands from which we work and recognise their ongoing connection to land, waters and community.
