Mercator Software has launched its new STP payments solution for financial services customers, Mercator GSS for Payments.
The solution integrates disparate payment systems, delivering powerful, ROI-driven straight-through processing. Acting as a 'hub', the solution makes payment processing easily definable through a single interface that simplifies access, management and monitoring.
The system features an interactive console and reporting mechanism that provides real-time information on key payment events and exceptions, making it possible to identify problems quickly. It also provides out-of-the-box functionality for industry standards and payment protocols, including Swift and SwiftNet Fin, with future support planned for CLS, OFX, IFX, Chips, Chaps, ACH, Fed Wire and Bacs.
Thracy Varvoglis, Senior Vice President of Mercator Financial Services, says the says solution substantially reduces the time, cost and effort required to process and manage payments.