Treasury Services to provide enhanced FX and cross-border payment capabilities to Fundtech’s PAYplus USA clients
Aug 12, 2011
J.P. Morgan Treasury Services recently announced it has partnered with Fundtech Ltd. to offer an integrated international payments service to banks using PAYplus® USA. With this new capability banks will be able to offer their clients enhanced foreign exchange and cross-border payment services, which offer the banks new revenue opportunities as they route transactions through J.P. Morgan.
The partnership provides Fundtech clients a seamless means to access a variety of services including foreign exchange in more than 135 currencies, and US Dollar Clearing’s complete suite of international commercial payment capabilities – including expedited payments to and from Asia. Leveraging the interface to J.P. Morgan, PAYplus USA clients have more options and increased flexibility to customize their transaction processing.