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Feb 14, 2012, 9:01am

More Than 16 Percent of Commercial Banks Now Processing Payments Through Aptys’ PayLOGICS Platform

Aptys Solutions is pleased to announce that since the company’s launch in March of 2010, more than 1,000 commercial banks—representing over 16 percent of the total market—now use the Aptys PayLOGICS platform to process payments. PayLOGICS is the first and only unified platform to support all aspects of payment processing, including image exchange, ACH, wires, payment archiving, Federal Reserve messages, least cost routing, in-network exchange (INEX) and mobile payments.

“Our goal was to garner 1,000 customers in our first 1,000 days of business,” said Sean Pennock, president of Aptys Solutions. “The fact that we surpassed that goal in only 650 days resulting in a 300 percent year-over-year growth in 2011 illustrates how strong the demand is for technology as robust, flexible and adaptable as ours. There is simply nothing else like it in the market.”

Unique to the industry, PayLOGICS is a multi-client, multi-tenant payment processing and archiving solution built for correspondent banks, bankers’ banks, corporate credit unions, and processors. Built on a robust 64-bit platform utilizing service-oriented architecture (SOA) and straight through processing (STP), this second-generation technology picks up where first-generation solutions left off. PayLOGICS enables legacy and emerging systems including all payment transactions to interact with each other and be accessed and managed from one central location.

For additional information about Aptys and the PayLOGICS platform, visit www.aptyssolutions.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 a single point of entry for all payment solutions, Aptys helps avoid efficiency losses and expenses associated with managing multiple vendor relationships. For more information, visit www.aptyssolutions.com.

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