Misys has announced a new solution within Misys Payments, its integrated payments portfolio. The solution, called Misys Customer Payment Initiation, is a result of a partnership with Petra Financial adding its front-end application, Touchstone, to the portfolio. Touchstone is a java-based front end used at both bank branch and client levels to fully capture, validate and route payment instructions. Along with integrated reference data, the company claims that Touchstone offers a significant uplift in straight-through processing rates, reductions in correspondent charge backs and significant increases in both accuracy and processing efficiency – all with minimal manual intervention at the bank processing level.
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