US-based Bankers’ Bank has signed an agreement to integrate Aptys Solutions’ PayLOGICS to expand its services.
Bankers’ Bank will use PayLOGICS’ components such as image exchange and archive modules, ACH processing, wire processing, Federal Reserve messages, least cost routing and in-network exchange (INEX) payment processing to its File Information Report Exchange (FIRE) system.
Go deeper with GlobalData
According to Aptys, the FIRE’s new technology will now provide Bankers’ Bank respondent banks with more control and security through extensive entitlements.
Through this deployment, client banks will now be able to conduct straight-through wires, offering direct connection with the FED.
Bankers’ Bank president and CEO Tom Papenthien said: "The rollout of FIRE provides our customers with a newfound, user-rich experience as well as a faster, more responsive, and easier to deploy system. It’s the next step in processing technology."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
