Automated & Rule-Based Transaction Pulling
Trigger debit instructions from corporate systems using rule-driven pull processes, scheduled and adjusted based on business needs and holiday calendars.
Veracious Electronic Fund Transfer Debit
Automate recurring debits with zero paperwork, full compliance, and seamless integration.
Since 2008Serving banks
8 countriesCentral bank spec compliance
Cheques & collectionsProduct family
Overview
Robust Payment Engine for EFT Debit
The EFT Debits module automates the debit side of electronic fund transfers, particularly focusing on pull-based transactions from corporate accounts. It enables rule-driven scheduling, validation, and seamless integration with core banking systems, ensuring reliable and timely debiting of customer accounts.
The module supports holiday-aware processing, error handling, and compliance with transaction regulations.
Pull Data Scheduling & Execution
Automates data pull from corporate systems using rule-based and holiday-aware schedules.
Transaction Validation & Lifecycle
Performs state transitions and validations for EFT debit transactions using a configurable rule engine.
Core Banking Integration
Provides real-time customer data lookups and automated posting of debit transactions into core banking systems.
Error & Exception Handling
Manages posting failures, validation logs, and retries to maintain transaction integrity.
Geographical Compliance
GSS has Central Bank specification compliance in the following countries
GSS Payment Hub and EFTD modules can be configured for any country specification. Veracious EFTD has been serving banks since 2008.
India
Kenya
Uganda
Tanzania
Rwanda
South Sudan
DRC
BangladeshEFT Debit
Features
Robust Multi-Level Validation Engine
Ensure transaction integrity with a flexible validation framework that operates at the application, product, client, and country levels, aligning with compliance standards.
Intelligent Error Handling & Recovery
Identify, log, and manage posting failures or mismatches with built-in recovery tools to ensure smooth processing and operational resilience.
Exchange File & Document Management
Simplify file operations with tools to download, update, and manage exchange files, complemented by a document viewer for transaction-linked data visibility.
Veracious platform
Veracious EFTD Platform Features
GL Account Management
A universal master setup to manage debit, credit, pool, settlement, charge and tax accounts.
Exception Processing
A universal payment hub feature that allows configuration of exception flows, automatic retry counts and manual processing.
Message Engine
A Universal Payment Hub feature that allows you to design and interface with every type of payment network, coupled with schema and message validation capabilities.
Intelligent Routing
Rule-based routing considering customer, network and bank-specific conditions.
STP Integration with Bank Ecosystem
All integrations, from channels to the core payment engine, internal bank landscape systems and payment networks, are integrated via straight-through processing and straight-through exception handling, eliminating manual processes wherever possible.
Communication Setup
Integration with email and SMS gateways through APIs, and custom integrations with Kafka streams for internal system updates, are all possible; there is no restriction. Each notification can be configured based on any event.
User Role Management
Comprehensive role-based privileges with the ability to integrate with third-party systems. LDAP and OpenID integration are supported.
Scheduler Process Management
The scheduler enables us to run scheduled jobs by marking the frequency, event and action to be performed.
Integration Management
Extensive setup for all integration endpoints.
Rule Engine
A universal rule engine is applied to configure any business rules or workflow processes with ease.
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