Products

Money Transfer Management System (R1 MTMS)

 

The RemitONE Money Transfer Management System (R1 MTMS) is an industry leading, end to end, remittance system that supports multiple sending and receiving agents in multiple currencies across the world. It provides a powerful, reliable and feature-rich administrative system, with a central location to manage all the aspects of running a money transfer business. R1 MTMS is highly configurable and business rules driven. Whether you are a Bank, an MTO or an SME, R1 MTMS empowers your to run your money transfer operations according to your own business rules.


R1 MTMS Architecture

R1 MTMS is a web application, whose front-end only requires a compatible web-browser. The server is a web application running on an industrial grade Unix-compatible system. It uses an industrial grade database as its back-end data store.

The system is written using PHP5 and JavaScript, running under the industry standard Apache Web Server, and the back-end database used is PostgreSQL.

The web application has been written using an object-oriented Model-View-Controller (MVC) architecture to assist in easy maintenance of the code and to facilitate the addition of new features as and when required. A templating mechanism also allows for customisation of the appearance of the application to suit each client.

Features can be enabled or disabled via a Configuration File in order to suit the needs and requirements of different users. The code-base is constantly evolving as new features and enhancements are added.

R1 MTMS Hosted Solution: Network Topology

 

KEY FEATURES

Multi-corridor functionality, multi-lingual interface and multi-currency & exchange rate management including auto currency rate pulls from trusted rate-feed providers

 

Web Services API integration, FTP, file upload/download interfaces for insertion and delivery of transactions to and from other agents or systems (e.g. Accounting Packages and other third party systems)

 

Enhanced flexibility: account transfer, cash collection, home delivery, card transfers, mobile top-ups, commission structures, multiple delivery periods, SMS messages, etc.

 
 

KEY BENEFITS

Instant access to business critical information ensuring customer and staff empowerment

 

Customer loyalty through enhanced features and provision of value-added services

 

Significantly reduced KYC and AML risks through R1 MTMS' Compliance Rules Engine

 
FEATURES
Additional modules for online money transfer and mobile money transfer systems
Advanced security, KYC and AML compliance
Multi-agent, remitter and beneficiary management
Customisable commission schemes for your various agents and corridors
Remitter management and reporting: document expiry dates, remittance totals, remitter ratings, remitter relations, remitter auto rate alerts
Reduce KYC & AML compliance risks with R1 MTMS' sophisticated Compliance Rules Engine with volume checks, velocity checks, suspicious checks, authority reports and more
Web-based for instant delivery of transactions using auto-routing
Real time profit/loss information for each transaction
End-to-end transaction tracking and management
Transaction error and complaints management using internal messaging
Bi-directional transactions for domestic remittances, enabling the specified branches to create and pay out transactions
Advanced reporting, accounting, inter-branch accounting, exporting of data for external accounting, audit trails and complete agent management functionality including credit control, balances, dues and history
Linux based proven security and reliability with multiple layers of security: platform, three-tier server topology, SSL encryption, role-based login, restricted IP or MAC Address, fingerprint authentication, backups, redundancy and uptimes of 99.99% and above
BENEFITS
Cost reduction through task automation and technology application
Streamlined business operations ensuring higher ROI
Access to R1 Community
Enhanced customer experience
 
Would you like to see a demo of our money transfer products? It's easy! Simply fill out our 'Request for Demo' form and we will arrange a demo session for you.