Fundtech Selects TFP for Enriched OFAC Data; Advanced screening data available with Fundtech's PAYplus-TM- product line improvesfinancial institutions ability to meet regulatory requirements.

SKOKIE, Ill. & JERSEY CITY, N.J.--May 10, 2004--Fundtech, (NASDAQ: FNDT), a leading provider of payments, cash management and settlement software, today announced that it will offer its PAYplus funds transfer product line with OFAC entity data from TFP, a global provider of data and software solutions to financial and corporate institutions. TFP's enhanced data improves the accuracy and efficiency of matching systems used to screen payment transactions for possible OFAC violations. These enhancements will improve financial institution's ability to meet increasingly stringent regulatory obligations of the US Treasury's Office of Foreign Assets Control (OFAC).

Financial institutions using Fundtech's PAYplus USA and Global PAYplus will have the option of selecting enhanced OFAC entity data from TFP as well as an enhanced OFAC matching engine. The new OFAC engine uses a token-based search technology, making searches more accurate compared to traditional soundex or other similar search technology. With the new token-based technology, coupled with TFP's enriched OFAC data, clients greatly increase data screening efficiency and reduce the level of false positives encountered.

TFP offers the most enhanced OFAC Entity data possible by combining the complete information from OFAC's Specially Designated and Blocked Entities List with information obtained from the CIA, US Department of State, Atlases, Gazetteers, Foreign Language Dictionaries, TFP World Bank Database, and other sources. TFP's enriched OFAC Data is endorsed by the American Bankers ssociation.

"TFP is the gold standard provider of interdiction screening and financial institution data," said Fundtech chief marketing officer, George Ravich. "Fundtech's line of funds transfer systems is greatly enhanced with the addition of both the TFP data as well as the new matching technology."

Shaun Hassett, manager of strategic alliances for TFP said: "In a post-9/11 world, it is critical for financial institutions to do everything possible to know their customers and impede illicit financial activity. TFP's data goes beyond the baseline standard set by the U.S. Treasury's OFAC SDN list to provide an increased level of due diligence, allowing institutions to accurately identify high-risk entities with whom the institution or their clients may be involved. We are delighted to engage Fundtech to provide our OFAC-related information to their customers and in assisting their customers
through our relationship."

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