Real-Time Payments System (RTP)

A 24x7, High Performance Real-Time Payments Environment that complements National Payment Systems, Card Switches and Mobile Network Operators

The Montran Real-Time Payments Solution

The Montran Real-Time Payments System is designed to support the retail, person to person and mobile payments.

Montran's solution complements the National Payment Systems through a real-time payments service that runs alongside existing RTGS and Clearing House systems.

The solution is built on top of open and modern technology, using concepts that Montran has explored to great lengths developing the National Payment System range of products: Java Enterprise architecture and components, industry standard interconnectivity of modules and systems, with RDBMS storage and PKI based security.

Open architecture and standards greatly streamline integration with other financial systems such as Core Banking Systems, Cash Management Systems, Card Switches and Mobile Network Operators that provide e-money services.

High Throughput and Performance

The Real-Time Payments architecture allows for individual payments to be processed in Real-Time, at high TPS and with a guaranteed end to end payment processing latency of a few seconds. The delivery of the payments and confirmations between the Participants and the Central Operator is done electronically in a secured environment.

High Availability

Montran used the experience gained over more than 20 years of providing fault tolerant National Payment Systems when designing the availability aspect of the Real-Time Payments solution.

High availability is achieved by building redundancy into the solution at every layer, including but not limited to hardware, the solution environment, software modules redundancy, and clustering facilities.

Integration with the Commercial Banks and Payment Service Providers

Montran's Real-Time Payments Solution receives and relays individual payment instructions in Real-Time, over VPN networks, with 24x7 availability.

Montran's RTP solution makes no use of middleware queueing mechanisms, therefore guaranteeing low processing latency.

Participants to the Real-Time Payments System can use interconnection APIs built on industry standards such as HTTP and Web Services to originate and receive Real-Time payments and confirmations.

Open Standards Framework

Montran's RTP solution follows the industry defined messaging standards. All communications are based on the ISO20022 messaging open standard.

RTP Interactive Services, Monitoring and Reconciliation

  • Liquidity management, collateral handling and advance settlement parameter configuration
  • Real-time monitoring of the RTP Engine, performance and availability statistics are available to all Participants via the GUI
  • Other statistics can also be gathered in real-time, to help the Central Operator define and monitor its own metrics
  • Various reconciliation tools and aides are available
  • Features
  • Modules
  • Security

Features of the Montran RTP

  • Modular and stackable components to meet the system operators needs for performance and interconnection capabilities, allowing for flexibility in growth and expansion.
  • Real-time clearing/settlement of individual payments between participating institutions
  • Mobile payments and e-payments support.
  • Value added services - A suite of services provided by the RTP Engine Hub
  • Several models of funding of the participant Accounts: Prefunding, Collateralized and others.
  • Synchronous and Asynchronous real-time payments support.
  • Flexible RTGS settlement scenarios.
  • Domestic and Cross Border.
  • Standardized payment message formats.
  • A multi-currency and multi-lingual system.
  • Browser based Management Module.
  • Feature rich, intuitive and easy to use Graphical User Interface.
  • Operational reliability with backup and contingency arrangements.

RTP Core Modules

  • Central RTP Engine - The high capacity, high availability, guaranteed payments latency, continuous clearing/settlement hub.
  • Value Added Services Module - A suite of services provided to the Central Operator or to the Participating Institutions: Sanctions and Compliance, End to End Payment tracking, Customer Database Registry, Security and others.
  • The RTP webstation - Provides enquiry and management access to the web interface of the Montran RTP solution via a standard Internet browser, a VPN connection to the central system and a cryptografy kit. The webstation requires no locally installed Montran software, therefore there are no system software maintenance requirements for the Participants..


  • System security based on PKI with smart card or eToken access.
  • Enforces digital signature of payments between the Participants and RTP, to ensure integrity, authenticity and non-repudiation.
  • Communications between RTP and other systems are encrypted using SSL. System access credentials include digital certificates that are stored on Smartcards/e-Tokens.
  • A modern, rich, easy to use browser based "thin client" user interface.
  • Server application components written in Java and running in an enterprise environment, Java EE 5.0 application server.

  • Based on open system architecture
  • A standard browser based "thin client" user interface
  • Server application components written in Java and running in an enterprise environment, Java EE 5.0 application server
  • Interoperability through the use of standardized Java API (JDBC, JMS, JTA, JCA), Interface adapters, and SOA integration