The Automated Clearing House complies with the highest standards applicable to mission-critical payment systems and in specifically designed for central banks and clearing houses. The solution performs interbank clearing and settlement of entries and routes the transactions to the appropriate in-house or external clearing systems. It features interfaces to external clearing systems such as EBA STEP2. In addition to standard features, which include reliability and compliance with SEPA and ISO 20022, Halcom’s solution offers secure instant delivery of payment orders, without any risk of data loss or duplication. If manual operation is required, clients can use the Automated Clearing House application for web administration, monitoring, configuration and management. In the event of a failure of any part of the product suite at one location, a redundancy solution installed at another geographical location becomes available. All communication between participants, i.e. banks and the central bank or a clearing house, is encrypted and digitally signed, as it is part of the standard solution delivery. The requirements of the GDPR are in-built by design.

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