AccessPay has signed an agreement with SWIFT which will enable it to incorporate SWIFT connectivity into its cloud-based corporate payments hub (CPH) payments and cash management platform; adding value to its single euro payments area (SEPA), bankers’ automated clearing services (Bacs) and direct debit management solutions.
The group added that the agreement positions AccessPay as the first in the market to offer corporates and financial institutions (FIs) alike a cloud-based payments and cash management application with SWIFT messaging connectivity fully integrated, without the end user having to run any software on their own premises.
In addition AccessPay is building support into its application for 3SKey, SWIFT’s multi-bank, multi-network and multi-application identity assurance and signing solution, utilising a universal token. Customers accessing the AccessPay cloud solution over the web will benefit from strong user access management, two-factor authentication at login and extended operational traceability.
“This latest initiative builds on the work we have already been doing with SWIFT over the last 18 months,” said AccessPay chief executive officer (CEO), Ali Moiyed. “In addition to producing timely and accurate views of cash positions, our solution will now also enable customers to communicate securely with banks all over the world with SWIFT financial messaging integrated seamlessly into our cloud-based platform.”
Robert Schneider, head of SWIFT’s corporates business in Europe, the Middle East and Africa (EMEA), added: “Combining a modern and feature-rich cloud-based payments and cash management application seamlessly with SWIFT’s new cloud-based interface – Alliance Lite2 – can deliver real benefits to the end customer. And by adding 3SKey on top, the customer can reap the full benefits of cloud-computing without compromising on security.”
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