The partnership will provide financial institutions with a connection to Travelexs international wire payments platform via Fundtechs PAYplus USA platform for domestic wire transfers. The integrated international payment capability is aimed at banks and credit unions and looks to enable them to process payments, reduce errors and consolidate reporting options.
Fundtechs PAYplus USA is a platform which offers the combined advantage of executing domestic and foreign payments. In a recent development, Fundtech has entered a deal with Italian financial services provider Intesa Sanpaolo (ISP) to offer its Global CASHplus transaction banking system for ISP’s clients worldwide.
The partnership has been unveiled at the NACHA Payments 2011 conference which takes place between 3-6 April 2011 in Texas.
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