|By Business Wire||
|July 15, 2014 09:11 AM EDT||
The first and only company to offer a clearing house solution for all payment types in ONE system for the international market, Aptys Solutions saves time and money for financial institutions (FI) worldwide via its unified payments platform, PayLOGICS. Now with Aptys’ new web-based clearing system, a country can simplify and automate the clearing and settlement of electronic ACH transactions (low-value bulk payments), wire transfers (high-value real-time payments), Real-Time Gross Settlement (RTGS), and check clearing (check image exchange).
PayLOGICS enables a Central Bank or any service provider to perform automated domestic and international payment clearing house services. The robust software saves money with a least-cost routing option, eliminates the need for FIs to maintain multiple country-specific payment formats, and it is the only product of its kind that enables FIs to clear and settle multiple payment types through ONE single system.
“Providing our customers with new growth opportunities, enabling the innovation of new services, and improving access to local markets worldwide were top of mind when developing our clearing house solution,” said Eric Dotson, EVP of Sales, Aptys Solutions. “We want to be a partner that provides the best end-to-end global clearing house technology driving increased profitability with a cost effective international payments product for our customers.”
Benefits of Aptys’ Clearing House solution include:
- Simplified reconciliation
- Easy to manage automated system
- Low cost, fast settlements
- Web-based clearing
- Centralized archive of all electronic payments
In addition, FIs worldwide can use clearing house to modernize their country’s payment infrastructure as well as reduce cost and risk of cross-border payments by moving away from the fragmented and cumbersome technology and consolidating their payment technology to ONE reliable, predictable, and secure system.
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments, among others. By providing financial institutions with ONE system for all payment solutions, Aptys helps increase overall efficiencies while reducing expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.
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