Veracious
Instant Payments Platform

Power real-time, always-on payments for transfers, bills, and more—with military-grade security.
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Real Time Instant Payment Platform

The Veracious Instant Payments Platform is a cutting-edge solution designed to support real-time, round-the-clock financial transactions. It enables users—retail or corporate—to perform instantaneous fund transfers for a variety of use cases, including peer-to-peer payments, business payments, government payments, merchant payments, deposits, bill payments, and more. 

Unlike traditional payment methods that may involve delays or batch processing, this platform ensures funds are transferred and settled within seconds, 24/7, including weekends and holidays. It is built with robust security, using digital signatures and encryption to ensure safe and compliant transactions. 

Instant Fund Transfers

Executes immediate crediting and debiting of accounts, providing real-time availability of funds.

24/7 Transaction Availability

Operates non-stop, allowing users to transact any time of day—even outside of traditional banking hours.

Multi-Use Payment Support

Handles a wide range of payment types including transfers, purchases, utility bills, deposits, and withdrawals.

Secure Communication & Validation

Utilizes digital signatures, encryption protocols, and authentication mechanisms for secure processing.

Geographical Compliance

GSS Payment Hub and IPP modules can be configured for any country regulatory specification

GSS has Central Bank specification compliance in the following countries

Veracious IPP serving banks since 2019

India

UAE

Kenya

USA

Tanzania

Features

Process and settle payments within seconds, enabling users to complete transactions instantly—anytime, anywhere. 

The platform runs 365 days a year, including weekends and holidays, ensuring uninterrupted payment services for customers and businesses. 

Protect transactions with end-to-end encryption, digital signatures, and fraud detection tools that monitor and respond to suspicious activity in real time. 

Supports a wide range of transaction types including P2P, B2B, G2C, merchant payments, and bill payments—making it a true all-rounder.

Instant Payment Platform Features

Corespondent Bank Management

Manage all your list of Correspondent Banks, Communication protocols, Integration touch points from a single interface

Message Engine

Universal Payment Hub feature that allows to design and interface with every type of payment network - coupled with schema and message validation capabilities

Forex Currency Conversion

Real time ability to Request, Lock and Hold Forex currency by integrating with Core , Treasury and custom network API's applying multicurrency approach to domestic networks

GL Account Management

Universal Master Setup to manage Debit, Credit, Pool, Settlement, Charge,Tax Accounts

Exception Processing

Universal payment hub feature that allows for configuration of exception flows, automatic retry counts, manual processing

STP Integration with Bank Ecosystem

All integrations from Channels, to Core Payment Engine to internal Bank landscape systems and Payment Network are integrated via Straight Through Processing and Straight Through Exception handling eliminating manual processes wherever possible

Intelligent Routing

Rule based routing considering Customer, Network and Bank specific conditions

Communication Setup

Integration to Email, SMS Gateways through API's and custom integrations to KAFKA streams for internal system updates are all possible -there is no restriction. Each notification can be configured based on any event

User Role Management

Comprehensive Role based privileges with ability to integrate to third party systems. LDAP, Open ID integration supported

Integration Management

Extensive Setup for all Integration endpoints

Business Parameter Real Time Sync Configuration

All Business process specific parameters can be configured by business users with Maker / Checker approval flow and enabled with Real Time Sync to avoid downtime.

Scheduler Process Management

Scheduler enables us to run scheduled jobs by marking frequency , event and action to be performed.

Rule Engine

Universal Rule engine is applied to configure any business rules / workflow processes with ease.

Instant Payment Platform

Cheque Truncation System

Mandate Management System 

Standing Order Management

Real Time Gross Settlement 

Electronic Fund Transfer Debit 

Electronic Fund Transfer Credit

Cross Border Payment Platform

MT-MX Converter 

Salary Engine

Document Management System