Lots of payments—one solution
As more and more payments are moved from paper to electronic, legacy ACH (mass payment) systems are being pushed to the limit. Bill payment, global trade from smaller and smaller companies, payroll and medical benefits are just some of the volume drivers.
As corporations and banks shift to more integrated payables and receivables, this too will drive mass payment volumes both domestically and cross-border. Requirements for new services, new formats and additional information within the mass payment environment are creating a dilemma for the banks: how to upgrade legacy systems while continuing to provide low-cost mass payment services.
Recognizing this, Dovetail built mass payment capability into its universal payments system. Horizontally scalable performance proven to process almost 5 million payments per hour, and with the ability to be integrated in a progressive manner, the Dovetail Payments System is the perfect solution.
Banks can choose to integrate new services, new market segments, new geographies and new payment schemes - all without disrupting existing systems and all with the speed, accuracy and regulatory compliance that mass payments require.
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