Funds agency Cuscal has chosen BHMI’s Concourse answer to assist the upcoming PayTo initiative by Australia’s New Funds Platform (NPP).
Launched in 2018, NPP is Australia’s real-time funds system that facilitates cash transfers between completely different monetary establishments.
PayTo will look to construct on the present system and supply clients with extra visibility and management over their fee choices.
Cuscal at present permits NPP fee processing and settlement providers for greater than 50 banks and fee service suppliers.
The agency will now utilise BHMI’s funds software program Concourse to assist prolong these capabilities to the brand new PayTo capabilities.
Based mostly in Omaha, Nebraska, BHMI is a supplier of product-based software program options centered on the back-office processing of digital fee transactions.
Cuscal’s head of product, rising providers Nathan Churchward says BHMI’s answer “gives the pliability essential to assist the evolving wants and performance of the NPP platform”.
Jack Baldwin, CEO at BHMI, appeared on FinTech Futures’ podcast What the Fintech? earlier this 12 months, the place he mentioned the methods and providers Concourse gives funds corporations.