Bill Peters, Chief Operating Officer at Simplex said âIn adding Dovetailâs products to our bureau, we have selected a best of breed solution which further broadens our solutions into the key area of payment processing. We believe that the market is increasingly interested in the rapid deployment capability and sharply reduced up-front cost model which our bureau solutions provide. Organisations facing the challenges of implementing Faster Payments in the UK and SEPA more widely now have the opportunity, through the Simplex Bureau, for a paradigm shift in the way they source and support their back office applications.â
Martin Coen, Chief Executive Officer at Dovetail said âWe are delighted to have been selected by Simplex. There is great potential for pay-as-you-go services, and Simplexâs bureau is a natural outlet for us, since they already provide outsourced payment messaging services for a number of leading financial institutions. The Dovetail Payments System delivers the multi-entity capability, scalability and ease of integration essential for bureau operations, together with the complete functionality required for SEPA Credit Transfer and Direct Debits, and for UK Faster Payments.â
PayS brings together best of breed payments processing applications from Dovetail with leading SWIFTNet connectivity and reconciliation solutions from Sterci SA to provide a holistic payments solution, enabling banks, non-bank financial institutions and corporates to utilise proven components, run as a managed service and offering unrivalled speed to market.