New Payplus USA features improve the speed and accuracy of screening for sanctioned parties and provide additional automation, lowering operational costs. With the introduction of the PARC (Payments and Research Archive Center) module, financial institutions will have unmatched capability for research and investigations of payments.

With the introduction of Cash Position Worksheets, Fundtech's CASHplus(r) now provides corporate users with an almost instant analysis of their cash positions across all of their banking relationships. The introduction of a Small Business Module will help financial institutions attract new small business customers with a wide range of targeted business services.

Commenting on the announcement, Brian Jou, executive vice president at Fundtech said: "We are continually expanding our product functionality so that banks can be better positioned for the future. We have focused on enhancing risk management and compliance, improving automation in order to reduce operating costs, and providing many added-value features that banks can use to improve customer service and increase service-fee revenue."

Separately, Fundtech Ltd. (Nasdaq:FNDT), a leader in global transaction banking solutions, today announced the introduction of PAYplus Connect, a version of PAYplus USA designed for community banks that require a low volume solution at a low cost. Offered on a SaaS (Software as a Service) basis, PAYplus Connect provides community banks with the wire transfer features that large banks have, on an outsourced, pay-per-transaction basis.

At a time when community banks have a unique opportunity to expand their business banking customer base due to the crisis that has weakened many larger banks, Fundtech is offering community banks affordable access to the nation's best-selling wire transfer system. PAYplus USA's automation will provide greater speed and accuracy, while its extensive customer-facing features will make community banks more competitive and offer them new service-fee opportunities.

PAYplus Connect is operated by Fundtech in its service bureau located near Atlanta, and can be quickly integrated with the bank's core processor or in-house operation. Banks pay a small set-up charge, and then pay-per-transaction, making it affordable for banks with very small wire transfer volumes.

With PAYplus Connect community banks will automate many of the labor-intensive tasks such as account balance verification and OFAC screening, reducing processing time while improving accuracy and risk management.

Enhanced customer-facing features such as automated advices for income and outgoing wires, automated activity reports, late day cut-off times, and balance alerts make community banks more competitive with larger commercial banks, and offer new revenue opportunities.

PAYplus Connect offers a low total cost of ownership and most banks will realize a positive return on investment when they switch from FedLine Advantage(r)*.

According to Brian Jou, executive vice president at Fundtech: "There has never been a more opportune time for community banks to upgrade their wire transfer services. PAYplus Connect is a low-cost way to quickly become more competitive with larger banks, while improving profitability. Fundtech makes it easy, and will provide the support community banks will need to be successful."

* Based on a Fundtech TCO analysis conducted in Q1 2009. FedLine Advantage(r) is a registered trademark of the Federal Reserve Bank