# 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                                 |
