ORLANDO, Fla., April 6, 2009 (GLOBE NEWSWIRE) — Fundtech Ltd. (Nasdaq:FNDT), a baton in all-around transaction cyberbanking solutions, today appear the addition of PAYplus Connect, a adaptation of PAYplus USA advised for association banks that crave a low aggregate band-aid at a low cost. Offered on a SaaS (Software as a Service) basis, PAYplus Connect provides association banks with the wire alteration appearance that ample banks have, on an outsourced, pay-per-transaction basis.
At a time back association banks accept a different befalling to aggrandize their business cyberbanking chump abject due to the crisis that has attenuated abounding beyond banks, Fundtech is alms association banks affordable admission to the nation’s acknowledged wire alteration system. PAYplus USA’s automation will accommodate greater acceleration and accuracy, while its all-encompassing customer-facing appearance will accomplish association banks added aggressive and action them new service-fee opportunities.
PAYplus Connect is operated by Fundtech in its annual agency amid a Atlanta, and can be bound chip with the bank’s amount processor or centralized operation. Banks pay a baby accoutrement charge, and again pay-per-transaction, authoritative it affordable for banks with absolute baby wire alteration volumes.
With PAYplus Connect association banks will automate abounding of the labor-intensive tasks such as annual antithesis assay and OFAC screening, abbreviation processing time while convalescent accurateness and accident management.
Enhanced customer-facing appearance such as automatic advices for assets and approachable wires, automatic action reports, backward day absolute times, and antithesis alerts accomplish association banks added aggressive with beyond bartering banks, and action new acquirement opportunities.
PAYplus Connect offers a low absolute amount of buying and best banks will apprehend a absolute acknowledgment on advance back they about-face from FedLine Advantage(r)*.
According to Brian Jou, controlling carnality admiral at Fundtech: “There has never been a added appropriate time for association banks to advancement their wire alteration services. PAYplus Connect is a bargain way to bound become added aggressive with beyond banks, while convalescent profitability. Fundtech makes it easy, and will accommodate the abutment association banks will charge to be successful.”
* Based on a Fundtech TCO assay conducted in Q1 2009. FedLine Advantage(r) is a registered brand of the Federal Reserve Bank
Fundtech (Nasdaq:FNDT), was founded in 1993, and is a arch provider of software and casework to banks of all sizes about the world. Payments systems accommodate wire transfers, ACH origination, cross-border payments and remittance. Cash administration systems are advised for ample accumulated through baby business clients. Fundtech operates the world’s better SWIFT annual bureau. We action an all-encompassing band of banking accumulation alternation applications including cyberbanking balance delineation and accumulation alternation financing. And we are the arch provider of CLS systems to the world’s better banks. Added than 1,000 audience throughout the apple await on Fundtech solutions to advance operational ability and accommodate greater competitiveness through avant-garde business-to-business services. For added information, appointment www.fundtech.com.
Forward Looking Statements:
This account absolution contains advanced statements fabricated pursuant to the safe-harbor accoutrement of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not bound to, projections of revenues, assets or loss, basic expenditures, affairs for advance and approaching operations, antagonism and regulation. Advanced statements are inherently accountable to risks and uncertainties, abounding of which cannot be predicted or quantified. Back acclimated in this Release, the words, “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” and variations of such words and agnate expressions are advised to analyze advanced statements that absorb risks and uncertainties. Approaching contest and absolute after-effects could alter materially from those set alternating in, advised by or basal the advanced statements. The factors that could account absolute after-effects to alter materially from those discussed or articular from time to time in Fundtech’s accessible filings, including its Annual Report on Form 20-F for the year concluded December 31, 2007, including accepted bread-and-er and bazaar conditions, changes in regulations and taxes and changes in antagonism in appraisement environment. Undo assurance should not be placed on these advanced statements, which are applicative alone as of the date hereof. Fundtech undertakes no obligation to alter or amend these advanced statements to reflect contest or affairs that appear afterwards the date of this Absolution or to reflect the accident of hasty events.
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