PayLOGICS is the industry's only platform, designed to perform clearing and settlement for ALL electronic payments through ONE single infrastructure. With its highly scalable and modular design, individual modules can be implemented to perform single payment clearing and settlement without having to purchase the entire system. PayLOGICS enables clearing house service providers to perform automated domestic and international payment clearing services.
Through a single platform, PayLOGICS can simplify and automate the clearing and settlement of electronic ACH transactions (low-value bulk payments), Wire Transfer (high-value real-time payments), Real-Time Gross Settlement (RTGS), and Check Clearing (check image exchange).
PayLOGICS also features a centralized repository of payment data providing users access by means of a web browser freeing FI's from having to purchase and implement their own redundant storage solutions minimizing risk by reducing the duplication of data.