Orbipay Payments Hub for Wires
Simplify, Automate, Save
Transform your wire transactions with Orbipay Payments Hub. Automate exceptions and documentation management, centralized reporting, and streamline your wire services—leaving manual work and outdated solutions behind.
Problem
Yesterday’s Wire Systems Don’t Fit Today’s World
Outdated wire systems rely heavily on manual intervention, creating high operating costs, compliance risk, and slow turnaround times. With the ISO 20022 migration and rising cross-border demand, legacy tools can’t keep pace. Common pain points include:
Labor-heavy workflows and paper-based processes that slow productivity and increase error rates
Fragmented systems for origination, approval, and exception handling, creating operational drag
Siloed wire data that limits transparency, auditability, and real-time oversight
Expensive compliance and documentation processes that strain staffing and budgets
Old Wires, New Demands: The Gap Is Growing
of correspondent banking relationships have disappeared over the last decade, making low-cost cross-border payments harder to deliver
days are how long payment investigations typically take, driving poor customer experience and operational drag
annually is spent on manual payments exceptions and investigations (E&I) across financial services.
is the projected global spend on financial crime compliance operations (a major source of exceptions and investigations) in
Key Capabilities
Modernize Wire Operations With End-to-End Automation
Orbipay Payments Hub for Wires delivers a unified, ISO 20022-native platform to automate high-value payments end-to-end. Cloud-native and API-driven, it centralizes operations, exceptions, documents, FX, and controls—integrating with existing systems to improve efficiency, visibility, and compliance, empowering your institution to:
End-to-End Automation:
Full automation of wire processing, reducing manual operations.
Centralized Operations & Reporting:
Manage reviews, approvals, and exceptions from a single interface across all payment rails.
Automated Exception Management:
Built-in use cases for refunds, returns, and incoming wires, automating processes based on your business rules.
Integrated Document Management:
Automates document collection and signatures through integrated digital signature tools like DocuSign
Real-Time FX Services:
Provides real-time FX rates for hundreds of currencies and countries, ensuring compliance with Reg E.
Cloud-Native, Built for Scale:
Utilizes leading cloud services like Amazon Web Services for security, scalability, and 99.99% availability.
Key Benefits
The Business Case for Orbipay Payments Hub for Wires
Cost Savings
Operational Efficiency
Comprehensive Management
Future-Proof
Enhanced Security
End-to-End Automation
Customer Perspectives
Insights from Our Customers
Veridian Credit Union
|
Credit Union
Veridian Credit Union Among the First To Connect to the FedNow® Service
Jeni Brantner, VP of Payments
Frequently Asked Questions
Does ISO 20022 apply to all institutions using Fedwire, or only those connecting directly?
Yes—ISO 20022 applies to all banks using Fedwire, regardless of whether they connect directly or through a vendor. The difference is simply whether the institution implements the technical work itself or relies on its vendor.
Why not just move wires to ACH instead of modernizing?
Most wire transactions are high-value and time-sensitive, which ACH cannot support—even with Same Day ACH improvements. In some cases, future movement may shift toward instant payments rails, but not to ACH. Wire remains the appropriate rail for large, time-critical transfers.
Where does wire automation deliver the biggest wins?
Across the lifecycle: templated initiation, real two-way integration with digital banking, e-signature document flows, automated approvals, and repair/resubmit for exceptions.
How should we think about instant payments vs. wires going forward?
Rails will coexist. Focus on a unified, job-to-be-done initiation experience with back-end pricing that reflects value (speed, certainty), not rail silos.
Let’s Talk About Your Payments Strategy
See how Orbipay Payments Hub for Wires automates high-value transfers, streamlines operations, and elevates your client experience.
