German banking software vendor Actis has been awarded the SwiftReady silver payments 2003 label for its PABA/Q product.
The label shows that the core banking system satisfies all Swift requirements for payments processing and can be used for straight-through processing (STP).
Actis says STP-oriented tools in the PABA/Q system, such as payment module ZVplus and its Message Master utility, contributed to its success.
PABA/Q is one of only six third party packages to have been given the silver payments label this year.