6 things you need to know about real-time payments, testing and simulation

What’s your attitude to testing?

Generally, testing is seen as an after-thought in real-time payments, rarely as a strategic and central element in building a new project. But despite costing 15-30% of a project’s total budget, testing can make a huge difference to the end result – not just in ensuring a faster, frictionless delivery to market, but also a more efficient one.

In a heavily regulated market, testing is key. With new legislation bringing financial services under higher scrutiny from professionals and the public alike, it’s essential that any potential hiccups have been accounted for.

A new series from FIS, ‘6 things you need to know about Real-Time Payments, Testing and Simulation’, uncovers and examines key phases in delivering sustainable real-time payments to market.

The first in the series provides essential information on the implementation and format testing of a real-time payments engine, using realistic examples to make it tangible and easy to grasp, and a fictional bank, “Instant Bank”.

You will be guided through the implementation project of a payments engine into Instant Bank’s infrastructure, connecting to a real-time payment rail. In being taken through the ins and outs of the migration project, you’ll understand the different possible testing approaches, along with the potential issues and inefficiencies that arise.

While the approach may vary, implementing or updating a new payment engine is always an intense and challenging task. Add real-time payments to the mix and things can become even more daunting.

To discover more, download your copy of ‘6 things you need to know about Real-Time Payments, Testing and Simulation’ here.

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