UBI Banca International meets Sepa standards with Fundtech

Source: Fundtech

Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced its 34th customer has gone live with one of its SEPA payments processing systems.

Fundtech has been a major provider of SEPA payments systems since 2008, with five of the global top 20 banks among its clients.

Fundtech offers three system alternatives, each targeting a specific market segment or need:
• Global PAYplus - SEPA, is an extension of its payments platform that is used around the world by some of the largest banks.
• PAYplus FTS, is a full-feature payments system that is used my by mid- to small-size banks, primarily in Europe.
• Integration Suite for Payments - SEPA, is a payments middleware solution that enables banks and their corporate clients to leverage existing payments infrastructure to process SEPA payments by transforming, organizing and routing transactions between legacy and SEPA message formats.

Fundtech's most recent client to go into production is UBI Banca International located in Luxembourg. The bank is using PAYplus FTS for SEPA and SWIFT payments in its home country as well as Germany, and plans to expand further in the future.

According to Sonja Colli, chief operating officer at UBI Banca: "We support our corporate clients who seek the business benefits of SEPA payments. Fundtech's PAYplus FTS solution has made it easy for us to extend our payments infrastructure to include SEPA."

According to Dieter Prang, managing director of Fundtech GmbH: "With 34 clients currently live with one of our SEPA payments systems, we believe that Fundtech's wealth of experience is a major benefit to our customers. As the SEPA end-date becomes confirmed, the need for know-how in adding this new payment type to existing payments infrastructure will become even more important."

Fundtech is speaking at the upcoming EBAday Conference being held in Madrid, Spain on 15-16 June. Joe Mazzetti, executive vice president of Fundtech, will participate in a panel discussion entitled: "New Business Models for Payments", which will look at the impact SEPA has made on banks' payment processing. Marco Lauber, senior vice president of Fundtech/BBP will be a panelist on the topic: "The Service Bureau Space and Its Implications for Banks and Their Relationships with Corporates." Fundtech will also be an exhibitor at the conference, booth #29.

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