HSBC Selects Fundtechs Global PAYplus

Thursday 13 January 2005 15:43 CET | News

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 is expected to deliver improved service and significant savings in operating costs to HSBC Group through the replacement of multiple payment systems currently in use throughout the Group. The deal comes as Fundtech informs of fourth-quarter 2004 revenues of $17m and predicts revenues reaching $68m to $70m, or 18% to 21% growth, for 2005.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce

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