Berkshire Bank upgrades payments technology with Finastra
Berkshire Bank of Massachusetts is upgrading its payments technology to Finastra’s Fusion Global PAYplus. The bank says this will enable it to be among the first regional banks in the Northeast to offer real-time payments capabilities.
With Fusion Global PAYplus, Berkshire Bank will make the most of the solution’s open API enablement and modern technology stack. Its customers will be able to integrate payments directly from non-core banking platforms and enjoy better and timelier reporting. In addition to real-time payments, the solution will enable Berkshire Bank to send wires, automatically converting US dollar figures to foreign currency before sending to the destination institution, opening a new revenue stream for the bank.