Bank Austria Creditanstalt deploys Global PAYplus in Eastern Europe
Bank Austria Creditanstalt has gone live with Fundtech’s Global PAYplus in the Czech Republic and Hungary. The bank will roll out the payment service in Slovakia, Slovenia and Croatia in the next few months. Global PAYplus was selected because of its multi-bank capability and because its rules-based architecture will enable the bank to process a large volume of payments with a high degree of automation. This is especially important because the payments will have to conform to the unique mandates and message standards set by each country, as well as foreign exchange standards, the bank said.