- File updates such as OFAC, ABA and SWIFT BIC lists managed and monitored by trained Fundtech staff eliminating the need for financial institutions to manage and monitor this process.
- Maintained by our expert support staff, PAYplus Connect background processes are performed during “off-hours” so the system will be available and ready to process wires during your start of day.
- Browser based end user interface, makes deployment and maintenance quick and easy eliminating the need for thick client interfaces.
- Batch file interface with cash management systems to automate the initiation of wires from a cash management system.
Fundtech’s PAYplus Connect provides a completely browser based turnkey, system ready” application enabling financial institutions to securely generate outgoing and receiving incoming wires with a predefined workflow designed to maximize straight-thru processing, minimizes wire room intervention yet provide all of the security and access controls required to meet regulatory compliance.
Business
- Automates email advice notification for both incoming and outgoing wires to quickly update customers on the status of wires as well as proactively inform them of incoming wire activity.
- Provides automated notifications of wires in queues that required operator intervention to quickly inform operators of required actions thus minimizing delays and exceeding customer Service Level Agreements.
- Provides detail standard reports for all profile changing minimizing the time spent preparing for audits.
- Provides end of day accounting file to automatically feed into your General Ledger system.
- Provides a browser based investigation system that enables financial institutions to quickly research historical wire data to quickly respond to subpoenas and client inquiries.
