Fides Treasury Services Announces New Payments Solution
Zurich, Switzerland – October 5, 2017 – Fides Treasury Services AG, a member of the Credit Suisse Group and the global leader in multibank connectivity and communications, has announced the release of its latest corporate payments solution, EFT Web.
The new EFT Web offers a highly intuitive UX; making it easy for treasury teams to access, manage, validate, and execute payment files of any format. By reducing and optimizing integration touchpoints, the solution helps treasury teams easily achieve automation and decreases the threat of cyber-attacks. While the system can process any file and format type, the newly released platform was uniquely built based on the complex ISO standards, making EFT the most comprehensive solution for multibank communications.
“ISO standards are very high and present a lot of challenges for treasury teams. By starting with these challenges in mind, we were able to create a solution that would be highly versatile and therefore highly useful for corporate treasurers, says Andreas Lutz, CEO of Fides. “With the release of the new EFT Web payments solution, we have given the market highly sophisticated capabilities that are also extremely flexible and easy to use.”
Borne from an intensive user-driven research and development process, the firm is confident that the new solution brings to market the capabilities that are needed. Key areas of functionality include:
- Security and Cyber-Crime prevention through reduced integration touchpoints and advanced controls
- Ease-of-Use in the areas of security set-up, user and permissions administration, controls
- Performance Enhancements to improve processing times and handling of high account volume
- Flexibility for single and bulk payment file detail management and workflow
- In-depth reporting customization and automation
- Ease-of-Integration with TMS/ERP
- Minimize internal access restrictions and/or permission limitations
“Corporations want their payments executed on time and at low cost,” continues Lutz. “What they don`t want, is to set up proprietary bank interfaces, worry about data breaches, or evaluate connectivity options on their own. Now, with the availability of Fides EFT Web Solution, they don’t have too. Our highly integrateable, single platform can process payments of all formats through the optimal channels to the corporation`s global banking partners.”
Fides is the global leader in multi-bank connectivity and transaction communications. Originally founded in 1910, Fides is an independently operated subsidiary of Credit Suisse.
With the industry’s largest bank connectivity network, Fides helps over 3,000 active clients communicate with more than 10,000 banks globally. Our geographic reach spans 170 countries across the Americas, EMEA, and the APAC regions.
Committed to helping corporations optimally connect and interact with their banks for over a century, Fides’ solutions deliver critical multi-bank account statement, payment workflow and reporting capabilities that allow treasury and finance teams to easily, accurately and securely communicate with their banks through any possible channel such as SWIFT, EBICS, SFTP or any alternative network.
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