JERSEY CITY, N.J., August 4, 2005 â Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking software and systems, today announced that its CASHplusÂ® cash management system has further simplified the way BankAtlantic business customers manage their finances. Based on CASHplus, BankAtlanticâs CashLink Web+ now allows users to download current account information into Intuit Inc.âs Quicken and QuickBooks software products automatically, eliminating the need to manually enter transaction data. As a result, customers can save time, improve accuracy, and better manage their business finances with these #1 rated, #1 best-selling products.
"BankAtlantic is committed to providing our customers with convenient financial management services," said Anthony Gautney, BankAtlantic Senior Vice President and Director of Cash Management. "By integrating our cash management service to Quicken and QuickBooks, we are now offering our small business customers a new level of convenience and control."
The combined solution provides BankAtlanticâs small business customers the convenience of downloading their balance and transaction information directly into Quicken and QuickBooks using Open Financial Exchange (OFX), the industry standard for the exchange of electronic financial information over the Internet. In addition, CashLink Web+ users have access to bill payment, check and deposit imaging, book transfers, ACH, wire transfers, stop payments, and bank reports.
"By adding the interface to Quicken and QuickBooks, we have significantly enhanced the value of CASHplus by enabling banks to better serve their small business customers." said Michael Sgroe, president and COO of Fundtech. "CASHplusâ flexibility to tailor services to multiple market segments has been further expanded with the addition of the Quicken and QuickBooks interface."