SEPA
Global PAYplus for SEPA™ provides an integrated solution to meet the challenge of SEPA-mandated high impact changes while maximizing Straight Through Processing rates and preserving income from existing payments operations.
Global PAYplus for SEPA provides messaging support for all Euro schemes: TARGET 2 and the European Banking Association's EURO 1, STEP 1, and STEP2.
Global PAYplus for SEPA incorporates new technology embedded in the SEPA technical infrastructure (including ISO 20022, SWIFT Cash Reporting).
This product can be deployed on a stand-alone basis to integrate within a financial institution's existing payment infrastructure, or as a fully-integrated component of Fundtech's Global PAYplus payment solution.
Business Benefits
- Provides a financial institution with the payment processing and liquidity management functionality required to handle Euro payments in the Single European Payments Area (SEPA)
- Operates within a financial institution's existing payment systems infrastructure, maximizes payments Straight Through Processing rates, and provides automated control over payments fees and charges
- Assures support for current SEPA requirements
- Designed with the view to the long-term support for European payments evolution
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Key Features
- Global PAYplus for SEPA is a payments hub for all Euro transactions
- Euro-Centric Liquidity Management
- Global PAYplus for SEPA is based on the robust Global PAYplus platform
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IT Benefits
- The heart of Global PAYplus is its N-tier open systems architecture and multi-platform technology, providing global banks with a high performance, scalable and reliable infrastructure
- Through the use of open technologies and standards (UNIX/Windows, Oracle/SQL, SOA, XML), Global PAYplus offers an efficient services-enabled processing engine, with a low Total Cost of Ownership and a minimal support burden on in-house staff
- Through the use of processing rules, Global PAYplus empowers business staff to adapt system behavior to business requirements, without having to involve in-house IT staff or Fundtech
- Because users can configure Global PAYplus directly from the Graphic User Interface, there is no need for a large in-house support IT staff with specialized application expertise
- Through the use of its zero footprint thin client, Global PAYplus allows users with appropriate security credentials access from bank locations anywhere in the world for payment entry, validation, repair, reporting, or system administration
- Global PAYplus provides a flexible interface to internal bank systems such as DDA, FX Clearing, OFAC Interdiction, and many others
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Key Features
- Global PAYplus for SEPA is a payments hub for all Euro transactions
- Euro-Centric Liquidity Management
- Global PAYplus for SEPA is based on the robust Global PAYplus platform
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Operational Benefits
- Global PAYplus for SEPA provides advance liquidity management functions facilitating consolidated management of the bank's Euro position
- Multi-banking capabilities enable multiple branch system utilization
- "uControl Rules Technology" provides the tools to tailor the system to the bank's processing and operations needs
- Flexible fee determination based on regulatory, bilateral, and customer agreements
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Key Features
- Global PAYplus for SEPA is a payments hub for all Euro transactions
- Euro-Centric Liquidity Management
- Global PAYplus for SEPA based on the robust Global PAYplus platform
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