Fundtech Enhances Its Flagship Payment Services Hub Solution, Making it Simpler and Faster
Enhancements to Global PAYplus make the solution configurable, flexible, and customer-focused
New York – September 29, 2014 - Fundtech, a market leader in global transaction banking solutions, today announces significant enhancements to its global payment services hub solution, Global PAYplus. The enhancements include new business capabilities, and improved usability and performance. These new developments reflect Fundtech’s ongoing commitment to ensuring the solution is configurable, flexible, and customer-focused, allowing customers to save time, reduce errors, improve business decision-making, and reduce costs.
Global PAYplus’ new user interface can be customized to be task-specific, helping users to prioritize and focus only on those things that require their attention, enabling work load to be optimized and streamlined, and helping payments to move more quickly. Free-form search capabilities allow users to simply type in what they are looking for without the need to specify the message fields that should be searched, which enables searches to be more intuitive, quick and flexible.
A new reporting module enables data to be optimized for analysis, so that users can easily access their favorite tools and identify anomalies, find root causes, improve performance, and identify new business opportunities, allowing business decisions to be made quickly, effectively, and strategically. A new layered solution architecture means that new business products can be introduced quickly and easily, reducing time-to-value and testing costs, and ensuring that projects—including adding new payment types, geographies or capabilities—can be easily run in parallel, without impacting one another or the system core. Fundtech regularly certifies its product to run on the most up-to-date infrastructure software versions; a recent upgrade produced a 25% increase in performance, enabling users to effectively ‘do more with less’.
“As payments become more complex, spanning multiple payment methods and currencies, payments technology must reduce the burdens and risks placed on payers and payees,” says CEB TowerGroup research director Andy Schmidt. “Payments platforms that provide leading edge capabilities along with intuitive interfaces will help professionals seeking the most user-friendly and efficient way to execute and receive payments.”
“With more payments customers around the world than any other payments solution provider, Fundtech is committed to meeting the needs of its customers,” says Isaac Yaniv, Executive Vice President of Global Payments, at Fundtech. “We continue to add new business capabilities, and improve usability and performance, saving customers time and money, but also gaining performance advantages and business insights.”
Fundtech offers a comprehensive line of transaction banking solutions to banks and corporations of all sizes around the world. As a strategic supplier, Fundtech’s customers benefit from lower operating costs and an enhanced end-user experience through integrated and feature-rich solutions. The firm’s major product lines include: global and regional payments, corporate cash and liquidity management, financial messaging, electronic invoice presentment, supply chain financing, remote deposit capture, merchant services, credit card gateway and mobile banking products. Fundtech offers its software through a traditional software license and a Software-as-a-Service (SaaS) contract. Thousands of financial institutions and companies worldwide rely on Fundtech’s innovation to improve operational efficiency, increase revenues, and provide greater competitiveness through business-to-business services. Founded in 1993, Fundtech was acquired in 2011 by GTCR, a Chicago-based private equity firm. For more information please visit www.fundtech.com.
Patrick Kilhaney, Public Relations & Analyst Relations Manager
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