Email Contact Phone Company Visit Website

Finastra - Global Headquarters Head Office

4 Kingdom streetPaddingtonLondon W2 6BDUnited Kingdom

Finastra - North America Headquarters Head Office

199 Bay Street Suite 4400Toronto ON M5L 1E2Canada

Finastra - New York Office

285 Madison Avenue4th FloorNew York, NY10017United States
New York

Finastra - Singapore Office

5 Shenton Way#12-01/04UIC BuildingSINGAPORE 068808Singapore

Finastra - United Arab Emirates Office

11th Floor Arenco Tower. Media CityPO Box 29561DubaiUnited Arab Emirates

Finastra - Florida, US Office

744 Primera BlvdSuite 2000Lake Mary, FL32746United States


0207 549 4764


Suzanne McLaughlin
[email protected]
Back to all Finastra announcements

Fundtech Introduces OmniPAY™ for International ACH

Expanded FX services make banks more competitive; adding new revenue sources from fees and FX transactions

Jersey City, NJ and San Diego, CA: May 8, 2006 — Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking software and services, today announced the introduction of OmniPAY for International ACH (I-ACH). The system enables banks to better serve the rapidly expanding market for I-ACH transactions. OmniPAY for I-ACH integrates with the existing infrastructure and allows banks to expand their FX services, which will generate new forms of fee-income and profits from FX spreads.

OmniPAY for I-ACH is an intelligent payments hub that automates the processing of mixed payment files, simplifying the process. Corporates are able to send a single file of mixed payment types to the bank for processing – eliminating the need for special handling based on size of payment or destination. Once these files reach the bank, OmniPAY properly formats payments based on their destination, and routes them through the bank’s existing payments infrastructure or to a correspondent bank.

OmniPAY’s rules-based architecture makes it easy to offer customized VIP services to corporate clients. Among the many options, banks are able to customize processing by: account, time-of-day, priority, and currency. Banks will also be able to offer corporate clients sophisticated netting, bulking and float management. Real-time funds management and reporting of settlement are also possible. These higher-value services make banks more competitive and can command premium-fee pricing.

Gene Neyer, Fundtech’s Vice President of Payment Products said: “The market for international ACH payments is expanding rapidly as companies of all sizes conduct their business globally. Banks must be able to serve this market with a simple solution that offers a wide variety of options. OmniPAY for I-ACH provides banks with an efficient way to handle these transactions while expanding opportunities for fee-income and FX profits.”