Fundtech has said that its Global PAYplus
Services mass payments exceeded its target.
The low-value payments platform, which runs on
IBM software, was able to process 20 million payments in less than
two hours, instead of the four expected.
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“These results clearly demonstrate the
technical feasibility of banks aligning payments processing
infrastructure with the industry trends of consolidation and
harmonisation of current payment silos,” said Gene Neyer,
Fundtech’s senior vice president of Global Payments.
The platform is designed to process consumer
and small business low-value payments of tier 1 global
banks.
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