Fundtech Achieves 10M Payments per Hour in Mass Payments Benchmark

Jersey City, NJ - 23 July 2009

Fundtech Ltd. (NASDAQ: FNDT), today announced the results of a recent mass payments benchmark test conducted in Sun Microsystems’ Solution Centre located in Manchester, UK. Fundtech’s Global PAYplus processed 10 million payments per hour, while demonstrating linear scalability, with sustained system throughput. The benchmark incorporated complete transaction processing of batches of direct debit and credit transfer payments replicating a real banking environment including simulated host systems. Extrapolating these results, Sun and Fundtech conclude that the system is capable of handling over 50 million payments per hour.

While financial institutions are seeking ways to reduce cost, complexity and risk in their payments business, these benchmark results provide proof that payment hubs are a viable strategy to address these goals. Global PAYplus is able to handle complex SEPA and other domestic and cross-border payments with high STP rates; it is also able to efficiently process the large volumes associated with mass payments for global banks.

According to Dave Hallett, Sun Solution Benchmark Manager: “The Global PAYplus application showed optimal performance. Specifically we noted good linear vertical and horizontal scalability with almost 100% user CPU utilisation.”

According to Joseph Mazzetti, Fundtech’s Executive Vice President: “These gruelling benchmark tests demonstrate that Global PAYplus is the most flexible and scalable solution, able to handle the volume needs of the world’s largest financial institutions. Our benchmark simulated the highly complex environment that a global payments system operates within – and it was able to achieve tremendous volume throughput and scalability.”

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