TORONTO, ONTARIO--(Marketwired - Aug. 19, 2014) - Cambridge Mercantile Group, a global payment and risk management solution provider, recently joined forces with Aptys Solutions, the first company to offer ONE system to manage all end-to-end payments for both domestic and the international market, allowing all existing Aptys clients access to Cambridge's online platform with award-winning efficiency in straight-through-processing for international wire transfers.
The intrinsic complexity of managing global payments continues to present barriers to Financial Institutions, impeding their ability to serve clients who are dealing across multiple accounts with various banks. That's why many US banks and credit unions rely on the advanced technology of companies like Aptys Solutions, that converge and consolidate all of their payments into one multi-client, multi-tenant system. Integrated with Cambridge's own cutting-edge platform, the PayLOGICS software offers a new level of sophistication, with the benefit of workflow automation and improved control, as well as access to all post-transaction records and remittances.
"We pride ourselves on creating a pathway to future payments for FIs and, working with Cambridge, we feel confident that we can continue delivering that. Integrating PayLOGICS with Cambridge expands our domestic payment abilities and gives us a new avenue for international payments," said Scott Harris, executive vice president, Aptys Solutions.
"We look forward to supporting Aptys through the operational strength of our team coupled with our extensive experience working with FI's," said Mike Rockouski, senior vice president, Financial Institutions, Cambridge Mercantile Group. "Providing the right technology is important, but understanding how to apply that solution to each institution's unique business model so they can better serve their customers, is crucial and it's where we have differentiated ourselves."
About Cambridge Mercantile Group
Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $23 billion annually. For more information, visit www.cambridgefx.com.
About Aptys Solutions
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments, among others. By providing financial institutions with ONE system for all payment solutions, Aptys helps increase overall efficiencies while reducing expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cambridge Mercantile GroupDanielle Crowe
416.646.6401 (ext. 2248)
firstname.lastname@example.orgMagnolia CommunicationsHanah Van Borek
Source: Aptys Solutions