Fundtech highlights momentum of immediate payments revolution
Oct 02, 2013
New Jersey, September 30th 2013 - Fundtech, a market leader in global transaction banking solutions, today released a whitepaper titled “Immediate Payments—Innovation is Knocking” that explores the growth of Immediate Payments initiatives worldwide. According to the paper, 50 to 100 countries will implement Immediate Payments infrastructures in the next 10 to 20 years to achieve the speed, ubiquity and availability that immediate payment processing delivers.
Authored by Gene Neyer, Fundtech Senior Vice President of Global Payments, the paper showcases the many common themes that emerge despite the diversity of various countries’ Immediate Payments implementation models. With this in mind, banks can readily prepare for the initiatives even before specific details of a particular country’s scheme are known. It also outlines the challenges and pitfalls that banks may encounter during implementation, and how to avoid complications.
“Those banks that recognise the scope of the Immediate Payments opportunity and prepare a strategic, multi-country response are best positioned to succeed,” says Neyer. “Such a response includes aligning business case and current capabilities and selecting a solutions partner with proven experience and capabilities to deliver results while the scheme is still evolving.”
“Fundtech sees Immediate Payments as an enabler of new modes of commerce with great benefits to the banking industry and society at large, and we are committed to lead the market in this important global initiative,” says Edward Ho, Fundtech President and Chief Operating Officer. “Having successfully implemented Immediate Payments solutions in multiple countries, both on the bank side as well as for central clearing, Fundtech can offer a full end-to-end solution for countries that are embarking on an Immediate Payments industry initiative. Our strategic commitment is evidenced by Fundtech’s Immediate Payments market share within the Singapore G3 market.”
Download a complete copy of the Fundtech white paper on immediate payments here.
Re-disseminated by The Asian Banker
Categories: Technology & Operations