Source:
Fundtech Ltd. (NASDAQ: FNDT) today announced that users of CASHplus can now download balance and transaction information through the Internet directly into Intuit Inc.'s Quicken and QuickBooks applications.
Small business and individuals will gain the added convenience of downloading Online Banking Statements and Cash Management helping them to better understand their finances to make more informed decisions.
Transactions use the Open Financial Exchange (OFX) standard - established by CheckFree, Intuit and Microsoft - that allows financial institutions to exchange data with consumers and small businesses.
CASHplus is a new generation cash management platform designed to help banks increase customer acquisition and retention, available on an in-house or ASP basis. With its innovative uCustomize tools technology, banks are able to create an unlimited number of service packages, each one tailored to the unique needs of individual market segments they serve. Fundtech has 300 CASHplus clients.