This fully integrated system, currently in production at three banks, enables P&H's customers to deploy wire processing out to key clients and achieve greater operational efficiencies with end-to-end, straight-through processing of wire transactions.

"BankServ is a major provider in the deployment of electronic wire transfer solutions to financial institutions throughout North America," said Ralph Dangelmaier, President and CEO of P&H Solutions. "The combination of Web Cash Manager and GFX should give our customers an outstanding, cost-effective wire solution that can be offered to their clients of all sizes."

As a bank's wire demands grow, efficiency in processing becomes increasingly critical. The P&H/BankServ alliance provides the foundation for a bank to increase wire volumes without the need for additional wire operators. BankServ's comprehensive GFX solution increases speed and accuracy of wire processing, improves OFAC compliance, reduces risk and enables banks to provide the highest levels of client support. In addition, GFX offers both domestic and foreign exchange (FX) processing, thus reducing a bank's dependency on correspondents as customers grow globally.

"P&H is the clear leader in providing business banking software to banks throughout North America," said Dave Kvederis, CEO of Bankserv. "Our combined offering enables even small institutions to provide a comprehensive, cost-effective, straight-through processing solution that meets the growing, global needs of corporate customers."