Fundtech Ltd. (NASDAQ: FNDT), the leading provider of global electronic payment, settlement and cash management solutions today announced it has signed an alliance with Wausau, enabling Fundtech to offer WAUSAU's industry-leading Remote Corporate Capture (RCC) solutions to its clients - ranging from smaller organizations that serve local or niche markets to large, global institutions providing comprehensive services.
WAUSAU's WebDDL offering is a thin client, web-based solution designed for the remote capture of deposits and payments. This solution will enable Fundtech clients to immediately expand their existing cash management services business by providing this important new capability to their corporate customers. The Remote Corporate Capture solution enables corporate customers to process deposits and payments quickly and securely without leaving their location. The result, an efficient process which also provides faster funds availability.
"WAUSAU's Remote Corporate Capture solution is a natural extension to our Treasury/Cash Management line of products. We are proud to further expand our range of services to customers and improve their return on investment," said Brian Jou, EVP, Global Product Management, Fundtech. "The Remote Corporate Capture solution will benefit all of our customers, regardless of size. The ability to scan and electronically send deposits is of tremendous value to bank's corporate customers. The fact that there are no geographic restrictions gives this offering further significance."
WAUSAU's Remote Corporate Capture suite includes web-based, PC-based deposit and remote payment lockbox functionality. The system is available for in-house licensing and installation as well as via an ASP. The solution captures deposits and payments at remote locations and allows complete image processing of each item. The solution then electronically transmits balanced transactions with validated images to the client's depository bank for final electronic clearing. The system is quickly and easily deployed in a "no-touch" manner. Web clients simply access a link to order scanner technology and download the necessary drivers to begin operation.
"We are very pleased to have the opportunity to partner with Fundtech to support its efforts globally in the payments marketplace and to further provide enhanced cash management services to its clients," said Steve BuchbeSteve Buchberger, Senior Vice President - Payment Solutions, WAUSAU. "Fundtech's selection of WAUSAU's Remote Corporate Capture solution will not only deepen the organization's existing client relationships, but further broaden its appeal to new customers in expanded market areas."