Fundtech and BankServ complete post-merger integration

Source: Fundtech

Fundtech, a market leader in global transaction banking solutions, today announced that it has successfully completed the postmerger integration with BankServ and is providing greater customer value as a result of the expanded product lines.

In November 2011, Fundtech and BankServ combined their operations and are now offering the market a broader and deeper line of Transaction Banking products and services. Benefits of the enhanced product line have been readily apparent to clients, resulting in expanded sales.

Corporate One Federal Credit Union of Columbus, Ohio, an existing customer of BankServ's wire transfer system prior to the merger, has recently added PAYplus-ACH® and CASHplus®, part of Fundtech's premerger suite of products. According to Robert Coyan, Corporate One's SVP of Marketing and Operations: "Since Fundtech offers such a broad spectrum of quality products and services, they have become an integral component of the Corporate One suite. We know that credit unions throughout the United States will benefit from such a seamless end-user experience."

Jane Lathrop, SVP and Payment Services Manager of Umpqua Bank headquartered in Portland, Oregon said: "Umpqua has been a client of both Fundtech and BankServ, and we are realizing significant value from their merger. Having a large portion of our transaction banking infrastructure from a single supplier, including cash management, payments, and our SWIFT connection, enables us to receive more accountability for a broader set of services, which we expect will translate into even greater reliability of service."

According to Fundtech's President Michael Sgroe: "Fundtech has enhanced its position in the market as the leading provider of business banking products and services. As a strategic, single-source provider, Fundtech is able to offer its clients multiple systems that are more easily integrated, work better together, and ultimately provide the end-customer with a far superior seamless user experience." 

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