- Global PAYPlus® - Services Platform Awarded for Its Flexible Rules-Based System Enabling Financial Institutions to Execute Multiple Payment Types -
- Highlights Fundtech's Technical Expertise and Implementation Support -
JERSEY CITY, N.J., July 2, 2013 (GLOBE NEWSWIRE) -- Fundtech, a market leader in global transaction banking solutions, today announced that its Global PAYPlus® - Services Platform (GPP-SP), a SOA-based payments platform, has been named a 'Best-in-Class' solution in Product Support in CEB TowerGroup's comprehensive technology assessment Payment Hubs analysis. Fundtech was also recognized with very strong ratings in the three other sections addressed by the survey.
The annual CEB technology ranking evaluates firms across the industry based on 20 pre-determined attributes that define a 'Best-in-Class" Payment Hub. In addition to being named as 'Best-in-Class' in Product Support, the Fundtech solution also was recognized for its ability to facilitate straight-through-processing of payments with easy-to-manage rules and its risk and liquidity module. GPP-SP receiving the "Best-in-Class" ranking can also be attributed to the solution's ability to support the financial institution's current and future business requirements. Additional notable attributes of the solution included: integration touch points; system extensibility; product maturity; business process monitoring; and implementation support.
"With several high-profile implementations to its credit, GPP-SP has a proven track record of success. It is a well-rounded, extensible payment hub with proven capabilities and deployments, and a complete go-to-market strategy underpinned by high quality implementation support and deep technical expertise," comments Andy Schmidt, Research Director, Commercial Banking and Payments at CEB TowerGroup. "The extensive functionality of the solution, paired with the team's outstanding customer support and technical expertise, made it stand out as a leader in the product support category and more than worthy of holding a 'Best-in-Class' ranking."
Global PAYPlus is a complete payments platform and Payments Services Hub built from the ground up on SOA, offering 100% IS0 20022-compliant data model with support for all leading industry formats, BPEL-based orchestration and a powerful and intuitive business rules engine. These features enable financial institutions to execute multiple payment types (high value/high care payments, mass payments - e.g. SEPA payments, Immediate Payments – e.g. UK Faster payments & G3 and others) on a single platform with an unparalleled depth and breadth of business capability. To learn more about the highly sophisticated and configurable product suite, please visit: http://www.fundtech.com/products/payments/global-payplus-services-platform/.
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CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated "best in class." CEB TowerGroup research publications consist of the opinions of CEB TowerGroup's analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Fundtech
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. The firm is also the world's largest SWIFT service bureau operator. 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.