Payment system provider Fundtech is planning a range of strategic investments and partnerships with complementary service providers in e-commerce markets. The initiatives, revealed to investors in Tel Aviv, will be co-ordinated to help banks cope with anticipated increases in transaction volumes from new delivery channel investments.
Fundtech plans to collaborate with other companies, including new ventures, to offer e-commerce products and services under its traditional license agreements and as an application service provider (ASP). Currently, discussions are focused on solutions that will:
* create wireless access to the banking system anywhere, anytime for both businesses and consumers;
* extend real-time processing capabilities to include both high-value transactions and low-value transactions; and
* integrate the entire payment and settlement process with other elements of the transaction by linking banks with aggregators, hubs, independent trading exchanges and other market participants.
The range of possible partners includes bank customers, other technology companies, systems integrators and leading B2B exchanges. The company expects to make some specific announcements in connection with these initiatives by the end of the year.