NEW YORK, April 24, 2017 /PRNewswire/ - DH Corporation (TSX: DH) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that USAmeriBank has signed on to implement D+H's next-generation, multi-tenant hosted payments hub solution for its U.S. domestic and international wire transfers.
USAmeriBank had selected D+H's payment solution to automate wire payment processing in May 2015 after experiencing significant year-over-year wire volume growth. Having realized a substantial improvement in operational efficiency and enhanced straight-through processing from that implementation, the bank is now upgrading to D+H's next-generation payments hub to benefit from the latest technology and higher levels of performance. The bank is serving as a strategic partner to test and implement the next-generation solution, which will be generally available in 2017.
"We look forward to implementing D+H's next-generation solution and realizing further benefits associated with enhanced functionality and service, and improved availability," says Cheryl Cultice, Assistant Vice President, USAmeriBank. "By upgrading to a payments hub, hosted in D+H's service bureau, we will easily be able to add additional payments services as we grow, future-proofing our business."
D+H's next-generation payment solution promises to deliver reduced cost and greater efficiency, reduced risk, enhanced decision support, and improved customer support. It is being developed as a multi-tenant, multi-currency, service bureau-hosted global payment services hub, built on an open service oriented architecture which makes integration with a financial institution's existing technology infrastructure fast, easy and predictable. Having the solution hosted within D+H's service bureau reduces operational complexity and lowers the bank's total cost of ownership. It provides a single platform to process any payment type and is able to support a variety of payments channels 'out-of-the-box,' including branch, file transfer, mobile, securities, investment banking, and more. The architecture ensures extremely high service availability, averaging 99.999%.
"By offering our next-generation payment product as a multi-tenant solution hosted in our service bureau, D+H is meeting customer demand for a payments solution that is easy to implement and affordable for institutions of any size that seek to modernize their payments infrastructure," says Chris Zingo, Group Head, Sales & Account Management, D+H. "We are able to provide industry-leading service availability, while removing the technology burden from our clients."
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.6 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation