Start-up Aptys launches common payments platforms for correspondent banks

PayHUB is a multi-client, multi-tenant solution geared for rapid deployment that creates, aggregates, processes and delivers all financial institution payments. Built on Microsoft 64-bit technology, PayHUB operates in a highly secure environment, helping mitigate fraud. By streamlining the payment system, Aptys Solutions enables financial institutions to make informed decisions through the payment analytics module.

Traditionally, financial institutions have managed payments through multiple silos and, as a result, have been forced to create a solutions set from multiple disparate vendors. Not only is this process cost-prohibitive for financial institutions, but also labor intensive. Aptys Solutions fills this gap by effectively assisting financial institutions in growing revenues and attracting new customers by offering an independent, browser-based system and offering new products and services to existing customers all while reducing costs.

"The banking industry has grown and evolved in a compartmentalized fashion, which has resulted in a great deal of inefficiency," said Sean Pennock, president of Aptys Solutions. "The existing methodology for processing payments and image exchange has been a fact of life for financial institutions to date. We are providing an alternate, simpler approach to handling all types of payments and image exchange while also enabling financial institutions to regain paper check processing revenues and drive additional revenues through correspondent banking initiatives."

Led by a team of financial technology veterans and built on the latest technology, Aptys Solutions enables institutions to significantly streamline operations while simultaneously providing a way to unify the creation and processing of multiple payment channels through a single common infrastructure. By providing financial institutions the option of a single point of entry for all of their payment solutions, Aptys Solutions frees these institutions ofhese i ofhese institutions of the efficiency losses and expenses associated with managing multiple vendor relationships. More importantly, Aptys Solutions enables financial institutions to effectively generate revenue by processing payments through unique delivery channels to financial institutions in a correspondent banking relationship.

"Because of Aptys Solutions' single channel approach solution, financial institutions will not only be able to reduce the cost of managing multiple solutions, but also improve customer service," said Pennock. "Our solution is designed from the ground up with correspondent and community banks in mind and the true ROI of our service lies in the ease in which correspondent banks are able to provide enhanced customer support services through the solution's support tools."