Compare IMS Payments vs. CORE

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What is IMS Payments?

IMS Payments serves as an all-encompassing transaction processing system that effectively manages and supervises every facet of payments, messaging, and connectivity. This Payment Hub integrates various functionalities, such as cash management, reconciliation, statement oversight, compliance verification, data governance, and detailed reporting, thereby eliminating the need for Generic Payment Hubs, Platforms, Frameworks, and Gateways. By allowing modules and services to interact fluidly within the system, it minimizes unnecessary data transfers, reduces redundancy, and avoids fragile data mapping services, which can often complicate operations. Users benefit from intuitive dashboards and interfaces that offer a comprehensive view, control, and operational support across multiple departments. The deployment of this unified solution helps organizations sidestep the intricacies associated with hardware, software, network connections, tokens, and specialized knowledge. Furthermore, the platform proficiently supports and converts between all recognized messaging formats and standards while safeguarding data integrity. In addition, it facilitates the secure exchange of data between legacy systems and the SWIFT network, making it an adaptable option for contemporary payment processing requirements. Ultimately, IMS Payments not only simplifies payment processes but also significantly boosts both efficiency and security for organizations. By leveraging this innovative platform, businesses can streamline their operations and better respond to evolving market demands.

What is CORE?

CORE integrates payment processing, revenue cycle management, secure payment gateways, automated reconciliation, and a comprehensive consumer engagement solution, all supported by robust integrations and detailed analytics that deliver crucial insights into key revenue functions. Many organizations utilize CORE's services to optimize payment acceptance, improve reconciliation processes, and gain a more profound understanding of their revenue cycles. Opting for CORE allows you to revolutionize and elevate your payment and engagement experiences, ultimately leading to greater operational efficiency and enhanced customer satisfaction. This transformation not only streamlines workflows but also fosters stronger relationships with clients.