Payments

08:00 AM
Connect Directly
RSS
E-Mail
50%
50%

SIBOS NEWS: Bank of America Introduces New Payments Hub

Bank of America (Charlotte, N.C.) is using the new Global PAYplus solution from transaction banking software company Fundtech to develop a hub that will enable a new online payments experience. According to the companies, the hub will support consistent processing for all payments regardless of channel, provide faster and lower cost payment processing, enhance flexibility and improve response times to new opportunities, and allow other advanced functions.

Online clients will be able to monitor payment status in real time, and the new system will be able to select the best way to process payments based on pricing and urgency.

Global PAYplus uses service-oriented architecture and will be the foundation for Bank of America's next-generation online banking channel for treasury management. The new payments system will be available to clients in the second half of 2010.

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.