|Electronic billpay provider selected by FundTech|
Electronic billpay provider partners with global payments, settlement, cash management, financial messaging, and post-trade securities settlement solutions provider FundTech.
iPay Technologies Announces Fundtech as Channel Partner
Integrating iPay’s bill payment services with corporate cash management
Elizabethtown, Ky., Feb. 26, 2008—iPay Technologies, a provider of electronic bill payment products and services for community financial institutions, announced its partnership with Fundtech Ltd. (NASDAQ: FNDT), a global corporate banking solutions provider. Jersey City, N.J.-based Fundtech selected iPay as its preferred online bill payment provider.
iPay’s business bill payment systems integrate with Fundtech’s CASHplus cash management application, providing corporate end users with single sign-on authentication and seamless functionality between their cash management application and online bill payment services.
"Fundtech offers the leading cash management solution to banks and continually seeks to enhance its value by adding new features,” said Brian Jou, executive vice president of global products for Fundtech. “By integrating iPay’s online bill payment solution with CASHplus, Fundtech customers are able to offer their corporate clients expanded functionality and greater utility with their cash management services.”
“Businesses are searching for payment options that increase their efficiency. Online bill payment capabilities have become critical to the decision factor for small businesses when they select a financial institution,” said Kelli Schultz, president of iPay Technologies. “The integration of iPay with Fundtech’s CASHplus adds value by providing the premier bill payment services with a sophisticated cash management platform.”
iPay’s bill payment solution for community banks and credit unions provides integration with online banking software, fast implementation and ongoing support, making it attractive to financial institutions of all sizes.
About Fundtech Ltd.
With 15 offices on four continents, Fundtech Ltd. is a provider of software solutions and services to financial institutions around the world. The company develops and sells a broad array of products across the financial supply chain that enable banks to automate their corporate banking activities in order to improve efficiency, while providing their customers flexibility, convenience and control. Fundtech offers products in five business segments: payments, cash management, settlements, financial messaging and post-trade securities settlement.
Fundtech is a publicly traded company, listed on NASDAQ (FNDT). The company was founded in 1993. For more information, please visit www.fundtech.com.
Forward Looking Statements:
This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, projections of revenues, income or loss, capital expenditures, plans for growth and future operations, competition and regulation.
Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. When used in this Release, the words, "estimates," "expects," "anticipates," "believes," "plans," "intends," and variations of such words and similar expressions are intended to identify forward-looking statements that involve risks and uncertainties. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements.
The factors that could cause actual results to differ materially from those discussed or identified from time to time in Fundtech's public filings, including its Annual Report on Form 20-F for the year ended December 31, 2006, including general economic and market conditions, changes in regulations and taxes and changes in competition in pricing environment. Undo reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Fundtech undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this Release or to reflect the occurrence of unanticipated events.
About iPay Technologies
Headquartered in Elizabethtown, Ky., iPay Technologies is the leading independent provider of Internet bill payment services. Founded in 2001, iPay develops and fully supports consumer and small business online bill pay solutions for more than 1,400 community financial institutions nationwide and in Puerto Rico. Additional information about iPay is available at www.ipaytechnologies.com.
Laurie B. Bradford
1-866-851-4729 Ext: 9478
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