Accuity’s Global WatchList ® Enhances Fundtech’s PAYplus USATM Payments System to Expand Screening Capabilities

16 September 2008

Accuity, the leading provider of payment routing data, AML screening software and services and Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payment, settlement and cash management solutions, today announced the availability of Accuity’s Global WatchList, its collection of caution lists, for use within Fundtech’s PAYplus USA, the leading funds transfer solution for financial institutions in the United States.

Accuity has partnered with Fundtech to enable enhancements in the PAYplus USA screening engine to accommodate the additional regulatory due diligence and enhanced due diligence caution lists available in Global WatchList. The additional lists will help financial institutions more effectively comply with the USA PATRIOT Act and regulations of other domestic and international jurisdictions.

“We continue to leverage Accuity’s capabilities to provide more choices in the compliance screening solution to our PAYplus USA clients,” said Brian Jou, Executive Vice President of Global Product for Fundtech.

Enhancements to PAYplus USA include an expanded memory allocation to support the larger data set from Accuity as well as the ability to attribute “hits” against the specific source list within Global WatchList and display the results in the PAYplus USA OFACEX exception queue for review.

“For the past five years, Accuity and Fundtech have had a strategic alliance that has helped both organizations fully serve the more than 100 financial industry customers we share. Being able to now offer our full Global WatchList collection for use within their PAYplus USA system represents our ongoing commitment to meet the needs of our mutual customers with superior screening functionality,” said Hugh Jones, President of Accuity.

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