LONDON, February 28 /PRNewswire/ --
- Misys and Petra Financial Partner for Customer Payments Initiation
Solution
Misys plc (FTSE: MSY.L), the global application software and services
company, today announces a new solution within Misys Payments, its integrated
payments portfolio. The solution, called Misys Customer Payment Initiation,
is a result of a partnership with Petra Financial, adding its market-leading
front-end application, Touchstone to the portfolio.
Touchstone is an intuitive and dynamic java-based front end used at both
bank branch and customer levels to fully capture, validate and route payment
instructions. Complete with integrated reference data, Touchstone offers a
significant uplift in Straight Through Processing rates, reductions in
correspondent charge backs and significant increases in both accuracy and
processing efficiency - all with minimal manual intervention at the bank
processing level.
"One of the key issues that banks face is how to improve the speed and
accuracy with which a payment is generated and routed," states Barry
Kislingbury, Global Product Manager, Misys Banking. "This directly affects
the quality of the service that banks can offer their customers. Petra
Financial has the best front-end application in the market and we are pleased
that it will add value in our payments offering to our customers."
Designed to be implemented incrementally, Misys Payments allows clients
to focus on individual problem areas within their payments business,
delivering a low risk, gradual implementation approach. Misys, building on
their market leading messaging infrastructure, is combining the leading
solutions in the market, such as Touchstone from Petra Financial, to bring
banks a complete integrated payments solution, delivering business benefits
at every stage of the payments transformation lifecycle.
Tony Marks, the Partner Channel Director of Petra Financial, comments,
"We are delighted to be partnering with an organisation of the stature of
Misys in what we believe to be a highly innovative solution, which will allow
our banking customers to leverage their investment in Misys products to
enhance STP rates, minimise processing costs and establish a low risk
approach to payments migration providing a significant return on investment."
The Customer Payments Initiation solution can be licensed standalone or
as part of the integrated Misys Payments solution. Misys Message Manager's
J2EE thin-client messaging infrastructure will provide the backbone for the
fully-integrated solution, enabling banks to automate the processing of all
types of payments on a single platform, allowing them to control costs,
decrease risk and improve operational efficiency. This will allow banks to
respond quickly to their customers' needs and market changes without having
to implement large payments engines that are high risk and which deliver
limited return on investment.
Misys Exceptions & Investigations was the first component within Misys
Payments, announced at Sibos 2007 with SWIFT, which helps banks to reduce the
costs associated with exception processing while improving operational
efficiency through increased traceability.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 100,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
Caroline Parker
Financial Dynamics
+44(0)207-269-7295
caroline.parker@fd.com
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