New PAYplus USAâ¢ features improve the speed and accuracy of screening for sanctioned parties and provide additional automation, lowering operational costs. With the introduction of the PARC (Payments and Research Archive Center) module, financial institutions will have unmatched capability for research and investigations of payments.
With the introduction of Cash Position Worksheets, Fundtechâs CASHplusÂ® now provides corporate users with an almost instant analysis of their cash positions across all of their banking relationships. The introduction of a Small Business Module will help financial institutions attract new small business customers with a wide range of targeted business services.
Commenting on the announcement, Brian Jou, executive vice president at Fundtech said: âWe are continually expanding our product functionality so that banks can be better positioned for the future. We have focused on enhancing risk management and compliance, improving automation in order to reduce operating costs, and providing many added-value features that banks can use to improve customer service and increase service-fee revenue.â