Fundtech Scoops Payments Processing Mandate from HSBC
HSBC Group has selected Fundtech’s Global PAYplus for its global payments platform, for both high-value and cross border low-value payments processing worldwide. The platform will replace the multiple payment systems currently in use throughout the Group. “Moving to a single platform not only improves our operating efficiencies, it also enables us to enhance the service we provide to customers and continue to grow our global payments business. This investment will ensure that HSBC stays at the forefront of the payments business,” said Bob Murphy, Senior Vice President for Global Payments at HSBC.