Payments (MT 100s Series)

Simplify Your Payments Integration

Terapi’s Unified Integration product revolutionizes the way programmers handle payment systems, specifically for the MT100 series. By consolidating multiple payment protocols into a single, user-friendly platform, developers can streamline their workflows, enhance scalability, and ensure high-compliance standards. This integration approach is designed to save time and reduce the complexities associated with traditional development methods, enabling programmers to focus on delivering optimal performance and customer satisfaction.

Benefits of Unified Integration vs. Traditional Development for MT100 Series

Consistent Integration

By unifying API interactions for MT100 series messages, the integration minimizes error-prone manual coding across different systems, ensuring higher reliability and consistent output compared to traditional methods where each protocol is developed in isolation.

Streamlined Security

With integrated security measures, Unified Integration platforms offer superior encryption and compliance checks, securing sensitive payment data flow more effectively than traditional custom-coded solutions.

Boosted Productivity

Automated processing of payment transactions expedites handling time, significantly improving productivity and reducing load times compared to the manual processes prevalent in traditional development structures.

Dynamic Scalability

 Unified Integration provides an inherently scalable architecture that adjusts to increasing transaction loads without requiring major codebase modifications, unlike traditional systems which may require intricate reprogramming efforts to scale.

Actions That Can Be Automated

Automated Credit Transfers

Facilitate the automatic processing of MT 103 messages for customer credit transfers, delivering enhanced accuracy and efficiency in payment execution through API-based automation.

Automated Transfer Requests

Streamline the automation of MT 101 transfer requests, allowing business operations to efficiently manage and execute multiple transactions directly from a unified platform.

Bulk Transfers Automation

 Leverage the capability to automate MT 102 bulk customer transfer processes, handling numerous payment instructions with speed and precision.

Direct Debits Automation

Automate the preparation and management of MT 104 direct debit transactions, supporting efficient handling of recurring billing tasks and robust compliance integration.

Sample Code in Python

Following samples are Python code snippets demonstrating how to automate these actions using a fictional terapi module for illustration purposes.

				
					# Sample Code for Automated Credit Transfers
from terapi import PaymentAPI

def automate_credit_transfer(amount, recipient_account):
    payment_api = PaymentAPI()
    response = payment_api.send_mt103(amount=amount, recipient_account=recipient_account)
    print("Credit Transfer Response:", response)

# Sample Code for Automated Transfer Requests
def automate_transfer_request(details):
    payment_api = PaymentAPI()
    response = payment_api.send_mt101(details=details)
    print("Transfer Request Response:", response)

# Sample Code for Bulk Transfers Automation
def automate_bulk_transfers(transfers):
    payment_api = PaymentAPI()
    response = payment_api.send_mt102(transfers=transfers)
    print("Bulk Transfers Response:", response)

# Sample Code for Direct Debits Automation
def automate_direct_debits(debit_instructions):
    payment_api = PaymentAPI()
    response = payment_api.send_mt104(instructions=debit_instructions)
    print("Direct Debits Response:", response)

# Example Usage
if __name__ == "__main__":
    automate_credit_transfer(1500, "US789456123")
    automate_transfer_request({"amount": 300, "account": "US123456789"})
    automate_bulk_transfers([{"amount": 500, "account": "US111222333"}, {"amount": 700, "account": "US444555666"}])
    automate_direct_debits([{"amount": 250, "account": "US123123123"}])
				
			

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