Finastra Global PAYplus: Corporate payments solution (2024)

Finastra Global PAYplus - Immediate payments solution

Accelerating the Velocity of Commerce for Corporates.

Finastra has the broadest, deepest portfolio of proven immediate payments solutions in the marketplace today.

Immediate payments, combined with open banking and regulatory mandates like PSD2 in Europe, promise to revolutionize the financial services landscape, enabling financial institutions to offer real-time digital customer experiences based on immediate funds transfer.

To take advantage of this opportunity, institutions need to be able to connect to immediate payment networks to send and receive payments—and do so with minimal cost and system impact, in a short implementation time.

Enabling Payments Transformation and Innovation to Deliver Customer Value.

Finastra Global PAYplus provides the broadest and deepest suite of domestic and Cross-Border payment services, delivered on an Open Platform for innovation and transformation. - The solution helps financial institutions of every size manage all payment types, both within and across national borders.

Payment Processing and Real-time Network Connectivity.

Finastra’s immediate payment solutions are deployable in a variety of configurations tailored to meet the needs of financial institutions and their customers. Our solutions range from smart gateways, providing multi-network routing and connectivity, to end-to-end immediate payment processing solutions. Key capabilities include built-in digital channel integration, an microservice layer to take advantage of the latest innovations in API banking, stand-in processing to ensure uninterrupted service 24/7/365, and real-time intra-day liquidity and position management.
The modular architecture of the solution allows financial institutions to easily extend any configuration beyond immediate payments to support other payment types such as wires/RTGS, ACH/mass payments, and SWIFT. All configurations are available either on-premise on low-cost commodity hardware, or hosted in the cloud.

Een overzicht

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Finastra Global PAYplus: Corporate payments solution (2024)

FAQs

What is Finastra Global PAYplus? ›

Finastra Global PAYplus provides the broadest and deepest suite of domestic and Cross-Border payment services, delivered on an Open Platform for innovation and transformation. - The solution helps financial institutions of every size manage all payment types, both within and across national borders.

What is PAYplus payment? ›

payPLUS empowers online merchants with a unified payments checkout enabling acceptance of all the popular online payment instruments such as cards, wallets, banking, EMI, BNPL, etc. across different online channels.

Is Finastra a payment processor? ›

Finastra boosts its payments processing strategy with Fed certification for ISO 20022.

What does Finastra do for banks? ›

Finastra delivers the broadest portfolio of financial services software in the world today, including digital solutions, core banking systems, lending and mortgage solutions.

What is global pay used for? ›

A global payments system allows companies and marketplaces around the world to make and receive cross-border payments in multiple certified international currencies. Although currencies may vary between payment services, these systems enable international payment solutions – even more critical in recent years.

What is pay plus on my bank statement? ›

pay+ is a mobile wallet that allows you to use only your mobile number to make deposits, withdrawals, local and global transfers and bill payments. It protects your payment info with multiple layers of security and makes it easy manage your finances from a single app.

Is PAYplus safe? ›

The PayPlus platform is secure with an HTTPS / 2048 Bit certificate and is PCI-DSS (security standard) certified.

How does pay pay work? ›

No, PayPay is not a credit card. It is a digital payment service that allows users to link their bank accounts or PayPay cards to their PayPay accounts to make payments and transactions. Can I link any credit card to PayPay? PayPay does not permit users to link outside credit cards to their accounts.

Is zelis and PAYplus the same? ›

Pay-Plus Solutions was acquired by Zelis Healthcare.

Is Finastra a US company? ›

Finastra is a financial software company headquartered in London, England. The company sells to the retail banking, transaction banking, lending, and treasury capital markets.

What is a global payment processor? ›

Global payment processors act as intermediaries between foreign banks, relaying payment details to the issuing bank, which then approves the payment and transfers the funds to be settled in the recipient's account in their domestic currency.

Is Zelle a merchant processor? ›

Zelle only processes bank-to-bank transactions, meaning your customer can only pay with the funds currently in their bank account. In addition to bank-to-bank transfers, merchant accounts allow customers to pay with debit and credit cards.

What did Finastra used to be called? ›

Turaz and Misys formed one company, officially operating under the name “Misys.” Following Vista's acquisition of Canada-based D+H in June 2017, Misys, with its global reach, and D+H, which covered North America, merged to become “Finastra,” one of the largest financial technology firms worldwide.

Who bought Finastra? ›

Feb 14 (Reuters) - Finastra, a financial technology company owned by buyout firm Vista Equity Partners, is exploring a sale of its banking unit for as much as $7 billion, five people familiar with the matter said on Tuesday.

What is Finastra core banking called? ›

Fusion Essence | Core Banking Software.

What is Global payment Plus? ›

GPP is an all-in-one online application allowing companies to manage all accounts and transactions in an easy, standardised manner. Your professional payment services solution. Overview of all accounts, including those held at third-party banks.

Which company introduced global PAYplus? ›

Global PayPlus is a payment processing application. It was introduced by the financial services company Fundtech. Fundtech was eventually acquired by D+H which was further acquired as part of Finastra.

What kind of company is global payments? ›

Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500.

What is global payout? ›

Global payments can also be referred to as mass payments, mass payouts, or global payouts, and involve the transfer of funds that occurs between two parties in different countries, and/or involving two different currencies.

References

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