UBI Banca International has gone live with one of Fundtech’s single euro payments area (SEPA) payments processing systems. The bank is using PAYplus FTS for SEPA and SWIFT payments in its home country as well as Germany, and plans to expand further in the future.
Fundtech offers three system alternatives, each targeting a specific market segment or need:
- Global PAYplus – SEPA is an extension of its payments platform that is used around the world by some of the largest banks.
- PAYplus FTS is a full-feature payments system that is used by mid-sized to small banks, primarily in Europe.
- Integration Suite for Payments – SEPA is a payments middleware solution that enables banks and their corporate clients to leverage existing payments infrastructure to process SEPA payments by transforming, organising and routing transactions between legacy and SEPA message formats.
Sonja Colli, chief operating officer (COO) at UBI Banca, said: “We support our corporate clients who seek the business benefits of SEPA payments. Fundtech’s PAYplus FTS solution has made it easy for us to extend our payments infrastructure to include SEPA.”
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