Micro-transaction aggregation with AI-powered ISO 20022 translation. Converts retail and mobile money flows into netting-eligible institutional obligations for the Settlement Computer.
← Back to ProductsPayNet sits between retail payment flows and the Settlement Computer netting engine. It aggregates high-volume, small-value transactions from PSPs and mobile money operators, translates them into ISO 20022 format, and submits them as netting-eligible obligations.
This enables retail-scale transaction volumes to benefit from institutional-grade multilateral netting — without requiring PSPs to integrate directly with settlement infrastructure.
All metrics from testnet operation. PayNet runs as permanent systemd services with committed mode (Pedersen + Bulletproofs) active 24/7.
Converts mobile money formats (M-Pesa STK Push, Airtel Money) into ISO 20022 pacs.008 settlement instructions. Haiku 4.5 primary with Sonnet escalation. 100% cache hit rate across 6,390+ cached translations.
Obligations recorded with Pedersen commitments and Bulletproofs range proofs. Running 24/7 on testnet. Cryptographic privacy inherited from the Settlement Computer privacy layer. 1,440+ obligations in committed pipeline.
Per-pair bilateral position tracking via recordBilateralObligation. Single transaction records both sides of the obligation. Foundation for SWIFT pacs.008 settlement instruction generation.
CHIPS-model residual carry-forward. Sub-threshold positions carry to the next window (max 3 windows). Dedicated carried_positions table with active/settled lifecycle. CARRIED_FORWARD status in obligation management.
Converts netted institutional positions back to individual settlement instructions per PSP. Per-PSP position tracking and reconciliation. Carried PSPs marked as carried_forward (not failed).
getWindowCompressionBreakdown shows bilateral eliminated + multilateral eliminated + net. Demonstrates how compression is achieved at each stage, not just the total figure.
All Settlement Computer products use FX rate feeds from AFXO — an institutional-grade FX oracle delivering deterministic rate feeds across global currency pairs. Deterministic pricing at window close ensures no execution slippage or front-running.
PayNet obligations are priced at the oracle rate determined at netting window close, providing consistent and auditable FX conversion across all aggregated transactions.
PayNet aggregation and cross-product coordination are covered by U.S. Provisional Patent Application PROV-002 (64/013,030), filed 22 March 2026.