JERSEY CITY, NEW JERSEY, October 17, 2005 â Fundtech Ltd. (NASDAQ: FNDT), a leading provider of end-to-end corporate banking and securities processing software and services, today announced significant enhancements to its web-based, corporate cash management solution, webBANKER. This affordable solution provides community banks with the features needed to effectively compete in the corporate banking arena.
webBANKERâs new features make cash management more convenient for business banking clients, enabling community banks to diversify and expand their deposit base while increasing service-fee revenue. The new features include:
Â· FEDLine Advantage Compatibility â initiate wire files to the FED;
Â· NACHA File Creation â NACHA files go to the FED or into the banksâ host system, splitting the On-Us transactions;
Â· ACH Warehousing â ability to build, maintain, send and report ACH batches and transactions that may fall outside the normal processing range;
Â· EPN 820 Support â electronic data interchange is now more accessible to community banks.
These new features are hosted on a central SQL database sever.
webBANKERâs new features further reduce manual handling and processing time, delivering greater efficiency and faster service for corporate clients. Other features include: balance reporting from previous and current day, information reporting, automated invoicing, cash concentration and disbursement, cross-border payments and more.
"Fundtech is committed to leveling the playing field for community banks. We understand their business needs and can offer them a significant competitive edge. We help community banks offer sophisticated business banking services while retaining the lead in personalized service."said Brian Jou, Fundtechâs Senior Vice President of U.S. Payments Systems.
webBANKER is easy to install and maintain. It can be operated as an in-house solution or can be outsourced through Fundtechâs managed service facility. webBANKER fully integrates with Fundtechâs payments system, PAYplus USAâ¢.