Manage all payment methods and collecting reports
Accelerate your time-to-market
Reduce maintenance and upgrade costs
Get full access to and control of all outgoing and incoming Bacs and FPS payment flows and collecting reports through your UK sponsor bank.
Automate your Bacs and FPS payment operations and reconciliations.
Send, receive and reconcile payments with your banks through a single API. From adding SEPA instant payment to launching digital wallets, Numeral supports payments companies throughout all their stages of growth.
Send payments through SEPA credit transfer and instant credit transfer, Bacs, and FPS
Collect payments through SEPA direct debit core and B2B and Bacs direct debit
Send international payments through SWIFT
Manage SEPA R transactions (recalls, rejects, returns, and refunds) and inquiries
Receive real-time notifications as payments are processed
Receive prior-day balances and transactions at the end of the day
Receive intraday balances and transactions throughout the day
Receive real-time notifications as transactions are posted and balances are calculated
Search balances and transactions with no history limit
Automatically reconcile payments processed with transactions posted
Use virtual IBANs to automate the reconciliation of incoming payments
Use expected payments to reconcile payments executed outside of Numeral
Receive real-time notifications as reconciliations are created
Onboard and verify counterparties to facilitate payments
Manage all counterparties and counterparty accounts in one single place
Assign virtual accounts to counterparties and rotate virtual accounts across counterparties
Notify counterparties as you send, request, or receive payments
Approve payment orders and payment files before they are sent to your banks
Setup payment approval workflows that match your internal controls
Review audit trails of your payments and counterparties
Keep the full control of your data
For each bank and each payment method, we determine the best bank direct connectivity solution from available options (SFTP, EBICS, MQ, API, …). We then build the integration for the selection option, which consists in building the logic that transforms calls made to our API into messages and files accepted by the bank direct connectivity solution, and vice versa. We also build in the support and management of edge cases, bank servers unavailability, etc.
Numeral covers the connectivity with your UK sponsor bank, and guides you in the process of acquiring the relevant information from your UK sponsor bank related to this connectivity. Numeral does not intervene in your relationship with your UK sponsor bank, nor in any regulatory matter.
Numeral supports all Bacs and FPS payment schemes for our banking partners acting as UK sponsor banks, including faster payments. Check out the Bank coverage page or contact us for more details.
Numeral standard pricing applies to UK agency banking customers. Numeral’s pricing consists of a subscription fee, payment fees, and connected account fees. Contact us for more information.
No. Actually, Numeral supports additional Bacs and FPS payment flows for Bacs and FPS indirect participants, including collecting reports.
Let’s talk about how we can work together to accelerate your payment operations. We can demonstrate our platform or create a plan.
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