Bank of Cyprus selects Fundtech for payments processing

Bank of Cyprus is rolling out Fundtech's payments processing platform, Global PAYplus, across its network of branches.

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Bank of Cyprus selects Fundtech for payments processing

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Global PAYplus will replace various systems allowing the bank to reduce operational costs and deliver consistent payment services across the branches.

Fundtech says the softwre's Web-based front-end will enable the bank to automate most of the steps involved with initiating and researching payments.

The platform handles both domestic and cross-border payments and is also euro compliant.

Marina Stylianou, project manager, Bank of Cyprus, says the payments platform "provides a bank of our size with all the features and capabilities that used to only be available to the largest global banks."

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