Firco STP Payment takes as input a payment message and returns in milliseconds a message qualified for automated processing by your existing payment system.

Firco STP Payment is made of four Firco Experts driven by our sophisticated engine. To determine qualified account numbers, valid bank and branch name codes, Firco Experts use bank's reference databases.

For incoming messages:
• Identify and return a valid branch name code. Firco Expert uses a database compiling name codes for the bank's own branches. Fircosoft solution to improve the automated processing of bank-tobank transactions rate, by transforming, fixing and enriching rejected payment and securities messages.

186 VICTORIA ST BRANCH

02320 (Royal Bank of Canada)

• Identify and return a qualified account number

:57D: YOUR BRANCH, 24 RUE PARADIS, DIJON :59:MR.DUPOND, /123456 F

30002 02355 123456F

• Identify and return a valid bank code: The bank is not the final recipient, and the message needs to be rerouted to the relevant correspondent

CHASE MANHATTAN BANK PARIS

CHASFRPP

For outgoing messages:

• Identify and return a valid bank branch code (beneficiary's bank). Firco Expert uses a database compiling codes for OTHER bank's branches.

BANCO FRANCES DE COMERCIO EXTERIOR 408, AV.DU PRADO 13295 MARSEILLE CEDEX 08

BFCEFRPP926

To fully benefit from Firco STP Payment, the quality of the reference databases must be uppermost. FircoSoft designed user friendly tools to manage efficiently these databases. Banks can use standard databases like BIC, BIC+, Chase, Fedwire or their own internal reference databases.
FircoSoft also provides you with files listing banks, cities and countries synonyms.

Main Benefits:

• High-value and quick ROI
• Improves STP, reduces manual intervention, operational costs and errors
• Interfaces easily to any Payment system
• Accepts any type of structured message
• Guaranteed STP rate

> Firco experts will be tuned-up according to your message flow characteristics
> On-going "education" of the AI engine to constantly improve its repair capabilities

• Minimum impact on existing workflow
• Customizable Business Rules: adapt Firco STP Payment to comply with your operational needs and your payment flow characteristics

>Rule Editor: Modify, enrich and test your reference databases

• Reference DB tool: to manage and test your reference databases
• Billing system: To generate reports on repaired messages