Payments

11:18 AM
Connect Directly
RSS
E-Mail
50%
50%

NACHA NEWS: Fundtech Rolls Out Wire Transfer for Community Banks

Fundtech (Jersey City, N.J.) has introduced a new wire-transfer system designed for community banks, PAYplus Connect. This is a version of the company's PAYplus USA that is built for smaller banks that require a low volume solution at a lower cost.

PAYplus Connect provides community banks with the wire transfer features that large banks have, on an outsourced, pay-per-transaction (SaaS) basis. Fundtech says PAYplus USA's automation will provide greater speed and accuracy while helping community banks become more competitive with service-fee opportunities.

The product is designed to automate tasks such as account balance verification and OFAC screening to help reduce processing time and improve accuracy and risk management. PAYplus Connect also sports enhanced customer-facing features such as automated advices for incoming and outgoing wires, automated activity reports, late day cut-off times, and balance alerts.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.