Payments Introduction
  • 17 Nov 2022
  • 2 Minutes To Read
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Payments Introduction

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    Light
  • PDF

This feature is not available by default.

If you would like to request access to this feature, please get in touch with your Mambu Customer Success Manager to discuss your requirements. For more information, see Mambu Release Cycle - Feature Release Status.

If you enable the Payments capability, you will get access to the Payments API and Mambu Payment Gateway.

The Mambu Payment Gateway (MPG) provides a user interface that facilitates one-time and recurring transactions using the Single Euro Payments Area (SEPA) scheme. For more information, see Mambu Payment Gateway.

The Payments APIs allows you to make, receive, reject, and refund standards-based payments. For more information, see our Payments API Reference.

The MPG is tightly connected to Mambu's core banking features. Payments are routed to the correct Mambu accounts, payer and payee details are automatically inserted into SEPA messages when possible, and general ledger accounts are kept up to date both for payments and, if using anti-money laundering (AML), for movements of funds into suspense accounts.

payments gateway UI showing pending transactions

The core functionality of the MPG can be extended to support additional AML and suspense account flows, such as using a pre-built Mambu Connector running on the Mambu Process Orchestrator and a supported partner such as ComplyAdvantage.

Using the MPG, customers can quickly gain access to the entire market of more than 27 countries in the Eurozone.

Supported flows

The Mambu Payment Gateway has been built according to the guidelines set out in the 2021 SEPA Credit Transfer and 2021 SEPA Direct Debit Core rulebooks and handles the following flows and messages:

SEPA Credit Transfers

  • credit transfer (pacs.008)
  • return transaction (pacs.004)
  • recall transaction (camt.056)
  • inquiries (camt.087 and camt.027)

SEPA Direct Debit

  • initiate Direct Debit collection (pacs.003)
  • reject collection (pacs.002)
  • reverse collection (pacs.007)
  • refund collection (pacs.004)

SEPA Instant Credit Transfer (incoming)

  • instant credit transfer (pacs.008)
  • reject instant transfer (pacs.002)

General prerequisites

Before using Mambu Payment Gateway, you must have the following:

  • SEPA registration
  • A system to manage mandates for direct debit payments
  • Access to an automated clearing house
  • The ability to generate and register IBANs for accounts

Mambu Core Banking prerequisites

Please note

Our Getting Started article walks through configuring the items listed below.

In Mambu Core Banking, you will need:

external_account_representation.png


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