Processing models

Before any client of BankTech can go-live, it is necessary to decide upon the processing model that will be employed. We support both Systems Operator (SO) and Third Party Payments Provider (TPPP) models to cater to different processing needs. If you are unsure about which processing model makes sense to you, speak to a Sales or Account Manager to get guidance and support with this decision.

The processing model you choose has a major impact on what bank profiles must be procured and by whom, and also affects how quickly you can get started and whether or not settlement is direct or delayed. When procuring new bank profiles, you may be required to put down collateral and establish suitable item and aggregate transaction limits for certain payment types.

SmartBanking model

We handle the bank as a Reserve Bank regulated Third Party Payment Provider (TPPP)

Issue	Impact
Processing	On BankTech's bank profiles
Short names	Issued by BankTech
Settlement	Delayed in your bank account
Bank fees	Deducted from settlement
Moves & changes	Requested by you of BankTech
Time to live	Shorter

Systems Operator (SO) model

You handle the bank and just use our platform (we are the System Operator)

Issue	Impact
Processing	On your bank profiles
Short names	Issued by the acquiring bank
Settlement	Direct into your bank account
Bank fees	Direct to your bank account
Moves & changes	Requested by you of the acquiring bank
Time to live	Longer