We've built a stack of product features addressing the different aspects of sending and receiving instant payments.

Automated Clearing System

InterbankSwitch automated clearing system of the entire banking and financial industry for both electronic instruments and derivatives/images paper-based instruments. with the InterbankSwitch automated clearing system, this whole process takes less than 3hrs in its entirety..

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Central Switch

InterbankSwitch is responsible for the ability of the various players, such as: Banks, Non-Banking Financial Institutions, Payment Terminal Providers, Card Acquirers, Government Institutions etc., and their customers, to send, receive and process funds through a common channel.

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Fraud Prevention

Intelligent learning support systems to handle and decline fraudulent transactions. InterbankSwitch fraud service allow individuals and organizations with multiple bank accounts domiciled in different banks see all of their online financial information, all in one place. It provides a single platform to view them all centrally.

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Account Verificartion Service

InterbankSwitch introduced the Account Verification Service (AVS) to eliminate the incidence of invalid Customer Details in EFT instructions. With the AVS, individuals as well as financial institutions presenting instruments for payment can verify the validity the Bank Account Details prior to the processing the actual payment instruction.

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Settlement Services

Private switching companies and Banks use the InterbankSwitch settlement, The settlement data of these companies are transmitted electronically to InterbankSwitch daily (over the InterbankSwitch secure payment network). The settlement engine processes received data and aggregates such through the intelligent channel. Appropriate electronic advices are provided to banks and other stakeholders in every processing cycle.

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Instant Payment

Instant Payment is so far, one of most innovative and revolutionary e-payment solution in the banking industry. InterbankSwitch is the first and only point to point funds transfer service that guarantees instant value to the beneficiary using distributed ledger, The service is majorly offered via internet banking, mobile and bank branch platforms for corporates and individuals

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