National Bank Collection is the flagship suite of products by C&M Software, designed to provide the financial system and its clients with a sophisticated and comprehensive level of service, utilizing all the possibilities existing in an RTGS system currently implemented in the USA under the commercial name FedNow.
Overview
Leveraging the availability of FedNow, which directly covers approximately 6,000 financial institutions in the USA and indirectly reaches an additional7,000 through correspondent banking systems, the Corner is designed to process real-time settlement payments electronically, securely, and contingently among FedNow participants.
The Corner is a suite of products based entirely on real-time payment and collection management, and its adoption, depending on your institution, can be either modular or comprehensive.
The corner provides easy and native access to correspondent banks and indirect participants.
About
All modules comprising this product will enable the American financial system to create a significant effect and service offering for its clients: Recurring Electronic Invoice, Dynamic Electronic Invoice, and Static Electronic Invoice
Billing mechanisms can be extended to all sectors of the economically active society, including industry, services, and retail, with the entire payment execution process not requiring any special or non-existent equipment; all that is needed is the adoption of the payer and payee to FedNow or a Clearing House approved by C&M Software.
Once integrated into FedNow, Corner will enable all banks that are also participants in FedNow to pay and receive the types of invoices managed by Corner, on a national scale, from coast to coast, 24x7x365.
Mission
CORNER is a system licensed by C&M Software, and its primary mission is to manage and ensure the efficiency and security of real-time settlement and clearing systems throughout the United States. It plays a fundamental role in processing financial transactions, such as electronic transfers and payments, ensuring that these operations are conducted in real-time, reliably, and without systemic risks.
Furthermore, CORNER also contributes to the financial system's stability, operating on the FedNow or a Clearing House system with real-time gross settlement (RTGS) compatible functionalities, handling the clearing and settlement activities. It promotes interoperability among market participants and implements security measures to protect the information and sensitive data involved in transactions.
We understand that Corner's primary mission is to facilitate and ensure the integrity, efficiency, and security of payment operations, thereby contributing to the smooth functioning of the financial system and fostering trust in monetary transactions in the country.
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Choose the ideal solutions to integrate into your operation
CORNER 4 FEDNOW
In this dynamic ecosystem, the Corner 4 FedNow is the cornerstone of our operational framework.
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Cornerstone for FedNow
The system's heart plays a pivotal role in processing diverse messages, encompassing the vital relationships within the financial landscape and the intricate nuances of payment transactions.
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ISO 20.022
All messages adhere to the stringent standards esteemed U.S. Federal Reserve sets, ensuring that every aspect of the process aligns with the highest quality, security, and regulatory compliance levels.
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Instant Payment Expertise
This robust foundation propels our institution to the forefront of innovative financial operations, fostering trust, transparency, and efficiency within the evolving financial industry landscape.
CORNER MASTER ACCOUNT
The Corner Master Account is a vital component within our system, responsible for efficiently managing credit and debit events within the Master Account linked to FedNow.
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Enhanced Fund Oversight and Predictive
This sophisticated module not only oversees the current availability of funds but also performs a critical role in predicting the availability of funds availability.
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Real-time Forecasting
Leveraging advanced forecasting techniques and real-time data analysis provides institutions with valuable insights into the liquidity landscape, enabling proactive financial planning and ensuring the seamless execution of transactions.
CORNER FRAUD PREVENT
The Corner Anti-Fraud system is a pivotal element seamlessly integrated with our real-time message processing infrastructure. Its crucial role involves detecting, proactively predicting, and promptly alerting against various potential fraud attacks.
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Rule-based and Statistical models
This comprehensive defense mechanism employs a sophisticated combination of rule-based algorithms, statistical models, and advanced machine learning
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Machine Learning
Using advanced Machine Learning techniques that continuously learn and adapt, Behavioral Analysis to identify abnormal patterns, and the precision of Bayesian Models to assess risk probabilities.
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Highly Adaptive
Remains highly adaptive to emergencies, ensuring the utmost security for all transactions and fostering a robust environment.
CORNER INQUIRER
The Corner Inquirer is a pivotal component, functioning as a comprehensive national directory of current and transactional accounts.
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Instant Payments Made Easy
When a user initiates a transaction, this system employs the provided information to securely and seamlessly route the transaction to the intended recipient's account, streamlining the payment process and enabling instant transfers without the necessity of extensive banking details.
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National directory of current and transactional accounts.
Serving as a resilient and secure database, it centralizes essential information for identifying FedNow participants' accounts, a crucial factor that facilitates agile and efficient transactions, enhancing the overall user experience.
CORNER INVOICE
Embedded within our system's foundation, the Corner Invoice module assumes a significant role, responsible for generating and overseeing payment QR codes or links.
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RECURRENT ELECTRONIC INVOICE
Recurrent Electronic Invoice is a payment method that involves the payer authorizing a company or service to debit a specific amount at predetermined intervals regularly.
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DYNAMIC ELECTRONIC INVOICE
This flexibility makes the dynamic QR Code an excellent choice for instantaneous transactions where the payment amount may vary, such as in-store or online purchases, invoice payments, or any scenario in which the transaction value is determined now of action.
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STATIC ELECTRONIC INVOICE
The static QR Code streamlines the payment process for the customer, as essential information is embedded within the code, expediting the transfer of funds.
CORNER CASH MANAGEMENT
Experience a cutting-edge receivables management system offering real-time insights into your portfolio, encompassing present, future, and completed receivables. Empower your institution and provide customers with unparalleled visibility and control.
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Receivables Management System
Real-Time receivables management system, designed to empower institutions with a comprehensive analytical and managerial perspective on their customer's receivables portfolio.
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Real-Time Dashboard
Real-time visibility into the current positions, upcoming transactions, payments already received, and those scheduled to be accepted. Holistic overview of financial standing. Whether tracking incoming payments, projecting future cash flows, or optimizing your overall receivables strategy.
CORNER RECEIVABLES REGISTRY
Fundamental cornerstone, streamlining the registration process for credit and receivables operations exclusively tailored for esteemed financial institutions with a distinguished membership within Corner while concurrently participating in the FedNow
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Transparency and fortify
Its overarching mission is to elevate the transparency and fortify the security of these pivotal transactions, safeguarding the integrity of financial operations.
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Documentation and management of securitizable
Strategic tool for proactively mitigating the potential risks associated with duplicate or unauthorized transactions, thereby enhancing the overall efficiency and trustworthiness of the system.
CORNER CROSS BORDER
Stands as a pinnacle of financial integration, meticulously crafted to seamlessly harmonize any ISO20022-compliant system with the dynamic Brazilian instant payment juggernaut, Pix, and the looking US FedNow network, all under ISO20022 messaging
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Tailor-made for cross-border transactions.
This pioneering solution marks the dawn of a new era, offering an impeccably orchestrated, secure, and effortlessly navigable platform tailor-made for cross-border transactions.
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Enhanced international financial interactions
Its transformative capabilities amplify your organization's operational efficiency and elevate the realm of convenience, paving the way for enhanced international financial interactions with a level of seamlessness that was once only a distant aspiration.
FOUNDATION: {RTGS + A2A}
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A2A model (Account to Account,)
This payment model directly transfers the value from one bank account to another without intermediaries such as credit cards, third-party payment systems, or clearing houses.
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A2A payment
Used for electronic transactions, such as transfers between accounts at different banks or within the same financial institution. This payment method is considered fast and efficient, as it does not require issuing checks, physical cash, or other slower transfer methods.
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Widely used
A2A is the most widely used transfer model, as discussions revolve around digitizing and modernizing banking services, enabling users to make transfers more directly and immediately.
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RTGS + A2A
RTGS combined with A2A greatly simplifies operations for institutions and customers, reducing fees, interchange charges, and liquidity assurance systems.
Transforming Businesses with Corner
Discover our customers' opinions about Corner!
The SPBX facilitated the brokerage firm's entry process into the Brazilian Payment System, improving and contributing to greater speed of the brokerage's financial transactions. We won approval from BACEN.”
The SPBX facilitated the brokerage firm's entry process into the Brazilian Payment System, improving and contributing to greater speed of the brokerage's financial transactions. We won approval from BACEN.”
