Fundtech, a provider of global electronic payments, settlement and cash management solutions, has received SWIFTReady 2002 Gold accreditation for its PAYplus payments solutions. Fundtech also announced its membership in the SWIFT Partner Advisory Group for Reporting of Cash and Securities (SPARCS) on SWIFTNet. The SPARCS working group’s goal is to oversee new standards for real-time cash reporting and to serve as a working group devoted to integrating SWIFTNet reporting services into industry applications. The Gold Label demonstrates that PAYplus supports SWIFT’s standards, products and services, as well as straight through processing (STP) for financial transactions.
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