Fundtech has received SwiftReady 2002 Gold accreditation for its PAYplus payments solutions. The vendor has also become a member of the Swift Partner Advisory Group for reporting of cash and securities (Sparcs) on Swiftnet.
The Gold label accreditation demonstrates that PAYplus supports Swift's standards, products and services, as well as straight-through processing (STP) for financial transactions.
The Sparcs working group's goal is to oversee new standards for real-time cash reporting and to serve as a working group devoted to integrating SwiftNet reporting services into industry applications.
Victor Abbeloos, head of partner solutions at Swift, says: "Fundtech are an integral part of our Sparcs working group, as well as our Partner Solutions programme which enables us to bring qualified Swift service providers together with financial institutions in need of specific expertise."