EFT vendor Fundtech and Texas-based IT firm Aurum Technology have entered a cross-promotional and technology integration alliance aimed at bank back office wire transfer operations.
Under the agreement, Fundtech's PAYplus USA funds transfer payment system will be integrated with Aurum's Miser Enterprise Automation System for datawarehousing and datamining. Arum will also promote PayPlus to its roster of community banks and mid-tier institutions.
Reuven Ben Menachem, chairman and CEO, Fundtech, comments: "We have partnered with Aurum to not only extend our sales reach and bring more banks the benefits of PAYplus USA, but to integrate our new generation solution with Miser to help banks meet their overall daily processing needs and allow them to improve their straight-through processing (STP) rates."