PIM Middleware Solution For IDTP (BINIMOY)
Commlink PIM Middleware Solution is a full-fledged web based middleware application for IDTP (Binimoy). It processes Virtual ID (VID) based transactions instead of Account Number. All Transactions will be a VID to another VID in real time.
Commlink PIM Middleware Application facilitates & establish the communication between FI CBS and ICP (IDTP Client Platform). Its act as a bridge between the FI Core Banking System (CBS) and IDTP Client Platform (ICP).
Commlink PIM Middleware Application Invoke the APIs from the ICP and process responses. And, Expose the APIs to the ICP and process requests. PIM Application also Interacts with FI CBS through API provided by CBS and process the process responses.
Key Features:
- User Registration
- Direct Pay
- Request to Pay (RTP)
- Fund Disbursement
- QR-code Based Payment
- Bill Payment
- Bank Apps/ IDTP Mobile Apps/ White Level Apps
- VAT/Tax Payment
- Fee Management
- Web based panel for FI
- Administration
- Risk Management
- Dispute Management
- Reconciliation
- Virtual Id (VID) Management
- ISO 20022 and XML Messages Parser and Builder
- Core Banking System (CBS) Integration
- Apps Sever Integration
- ICP Integration
- Handshaking with ICP
- Role based user management
- Audit trails
- Provision for Data backup/Archival
- Reporting
Commercial Bank requires a PIM Middleware solution which should allow participants to establish communication between Central Bank IDTP Platform and commercial bank’s core banking. It works through the ICP and Bangladesh Bank central IDTP Platform for the 24*7 real-time fund transfer among them & these transaction will reflect in their account instantly.
Interoperable Digital Transaction Platform (IDTP) is a processing and settlement system for Electronic Payment; where the main participants are Banks, MFS & PSPs & PSOs.
In addition, IDTP will also connect the Utility Service Provider, Other Government Entities that collect fees & charges form Individual & Corporates. And, also have the provision to connect the business entity such as eCommerce, Customer, Merchant; therefore it will act as the like a Master Payment Gateway. IDTP is a Virtual ID (dbs@user.idtp) based Payment Systems.
Highly secure as clients will have to be verified through a two-factor authentication for every transaction.