20 August 2017
visit www.avoka.com

Fundtech adds concurrent trades to Payplus for CLS

28 October 2010  |  3034 views  |  0 Source: Fundtech

Fundtech Ltd., a market leader in global transaction banking solutions, announced the introduction of the Concurrent Processing Module for its PAYplus for CLS system, which is designed to significantly increase the speed in which settlement trades are completed. The announcement relates to the recent CLS Bank announcement concerning the continued usage of its gateway infrastructure.

The new module offers a full-duplex connection to the CLS Gateway, vastly improving performance over the current industry standard. This is achieved through multiple simultaneous connections to the CLS Gateway. Each of the gateway connections is fully configurable, separating trade submissions from status updates and notifications.

With two further clients added this year bringing the number of CLS Settlement Member banks using PAYplus for CLS to twenty three, Fundtech is by far the market share leader among vendors.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8969 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7831 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7210 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6452 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6314 views comments | 11 tweets | 9 linkedin